Executives from Coinbase Circle, FTX, and other cryptocurrency companies urged Congress not to impose stiff rules on the industry as lawmakers consider ways to step up regulation of digital assets. Testifying before the House Financial Services Committee on Wednesday, the executives portrayed crypto as a democratizing and innovative financial technology. Lawmakers, meanwhile, raised concerns about the volatility of cryptocurrencies, the challenges they pose to traditional currencies, and how they might undermine the stability of the financial system. Read More...
Executives from Coinbase Circle, FTX, and other cryptocurrency companies urged Congress not to impose stiff rules on the industry as lawmakers consider ways to step up regulation of digital assets. Testifying before the House Financial Services Committee on Wednesday, the executives portrayed crypto as a democratizing and innovative financial technology. Lawmakers, meanwhile, raised concerns about the volatility of cryptocurrencies, the challenges they pose to traditional currencies, and how they might undermine the stability of the financial system.
