• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Diverging Views on Cryptocurrency Regulation in the U.S. Congress

user avatar

by Giorgi Kostiuk

8 hours ago


A hearing held in Washington by the Senate Banking Committee revealed significant partisan divides regarding the regulation of the digital asset market.

Senate Committee Discusses Cryptocurrency Regulation

At the Wednesday hearing, Republican senators advocated for a 'light-touch' regulatory approach, asserting the need to protect and promote innovation. Senator Tim Scott, the committee's Republican chair, emphasized the necessity of establishing clear and light regulations to protect investors and prevent fraud.

Democrats Raise Concerns Over Regulatory Gaps

Democratic senators criticized the bill for its lack of adequate consumer protections and numerous loopholes. Senator Raphael Warnock highlighted conflicts of interest among political leaders and raised concerns regarding companies self-certifying as 'decentralized'.

Republicans Advance Cryptocurrency Legislation

Despite the intense disagreements, Republican senators showed no signs of backing down. Senators Cynthia Lummis and others released a joint statement outlining their principles for a crypto regulatory framework aimed at clarifying definitions for digital assets.

Congress continues to debate legislation regarding digital assets, and if both chambers agree on compatible versions, it could lead to a unified national framework for cryptocurrency regulation.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

Other news

LockBlock: A New Blockchain-Based Gaming Platform Integrating NFT and VRF Technology

chest

The LockBlock platform enables players to create levels and generate earnings through NFT ownership and verifiable randomness.

user avatarGiorgi Kostiuk

Peter Brandt's Bitcoin Predictions: Targeting 120,958 to 134,886 Dollars

chest

Peter Brandt sets new price targets for Bitcoin following a strong breakout, identifying a critical zone at 107,000 dollars.

user avatarGiorgi Kostiuk

Large XRP Wallets Surge Ahead of Significant SEC Decision Deadlines

chest

XRP sees increased whale wallet activity with rising prices amid anticipation of regulatory decisions.

user avatarGiorgi Kostiuk

Rumble and MoonPay Introduce Rumble Wallet for Content Creators

chest

Rumble announced Rumble Wallet supporting Bitcoin and stablecoins, with a $775 million investment from Tether.

user avatarGiorgi Kostiuk

Coinbase and Copper: New Integration for Secure Trading

chest

Coinbase and Copper collaborate to simplify settlement for institutional clients using ClearLoop.

user avatarGiorgi Kostiuk

Stock Futures and Crypto: Trump Tariffs and Global Markets

chest

S&P 500 and Nasdaq-100 futures fell as Trump's tariff announcement induced mixed reactions in global markets.

user avatarGiorgi Kostiuk
dapp expert logo
© 2020-2025. DappExpert. All rights reserved.
© 2020-2025. DappExpert. All rights reserved.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.