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The U.S. Senate Grows Weary of Cryptocurrency, Raising Concerns and Shaping Future Regulations

Concerns, Cryptocurrency, Future, Grows, Raising, Regulations, Senate, Shaping, U.S, Weary

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Proof of State: Crypto Regulation in Congress

Last November’s Impact on Crypto Industry and D.C.

  • Sam Bankman-Fried’s influence on crypto bill
  • Congress holding public hearings on crypto
  • Regulatory agencies stepping up enforcement actions

Crypto Takes a Backseat in Congress

  • SEC Chair Gary Gensler’s hearing at the Senate Banking Committee
  • Less focus on crypto compared to previous months
  • Senators asking about other subjects like private equity and rulemaking

Committee Chairs’ Priorities

  • House Financial Services Chair Patrick McHenry and House Agriculture Chair Glenn Thompson prioritize crypto
  • Sentiment not shared in the Senate and White House
  • National security and anti-money laundering may be exceptions

Blockchain Question from Senator Cynthia Lummis

  • Only senator to ask Gensler about blockchain
  • Highlighting the need for more crypto-related discussions

Decentralized News

Financial heavyweight Franklin Templeton enters the race for a spot Bitcoin ETF.

Co-founder of OneCoin sentenced to 20 years in prison.

Sam Bankman-Fried’s request for pre-trial release denied.

Decentralized exchanges found to be rife with wash trading.

Fortress Trust loses $15 million in crypto in recent hack.

Meme o’ the Moment

Life is tough for crypto regulation reporters.

Contact Leo Schwartz

Email: [email protected]

Twitter: @leomschwartz

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