• 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

6 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

How the Combination of Artificial Intelligence and Blockchain Could Transform the Industry

chest

Exploring the synergy between artificial intelligence and blockchain, their unique capabilities, and the challenges of integration.

user avatarGiorgi Kostiuk

US Crypto Legislation: Recent Developments and the Future of the Industry

chest

The US Senate is reviewing new initiatives for cryptocurrency regulation, reflecting the desire for clarity and investor protection.

user avatarGiorgi Kostiuk

MoonBull: Whitelist Restructuring Changes Crypto Market Expectations

chest

MoonBull activates the meme token market, changing crypto dynamics. SLERF shows signs of recovery, while Notcoin resumes activity.

user avatarGiorgi Kostiuk

Absence of Official Confirmation from Bitget on BGB Burning Raises Market Concerns

chest

The crypto market is unsettled by the lack of confirmed information regarding Bitget's BGB burning for Q2 2025.

user avatarGiorgi Kostiuk

Snoop Dogg Launches NFT Collection on Telegram, Raking in $12 Million

chest

Snoop Dogg's NFT collection on Telegram sold out within 30 minutes, generating $12 million in sales.

user avatarGiorgi Kostiuk

XRP: Seven-Week High, Large Holders Accumulate Assets

chest

XRP hits its price for the first time since May 23. An increase in the number of wallets with over $1M XRP supports market confidence.

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.