US and EU Governments Increase Efforts to Regulate Cryptocurrency
TL;DR
The US House Financial Services Committee and House Agriculture Committee will draft legislation to oversee the crypto sector in the next two months after holding joint public hearings starting May, according to Rep. Patrick McHenry. The bill will address both securities and commodities regimes and issues that are hard to fix on either side. Sen. Cynthia Lummis said she looked forward to coordinating those efforts with McHenry, adding that the House had a better chance than the Senate at getting legislation through earlier.
- U.S. House Will Have Crypto Bill in 2 Months: McHenry CoinDesk
- Former CFTC Chair Massad Also Can't Say if ETH Is a Security Blockworks
- Key Democrats back Gensler crackdown, tell crypto companies 'comply with the law of the land' MarketWatch
- McHenry, Thompson, Hill, Johnson Statement on Joint Efforts to Create Clear Rules of the Road for Digital Assets | Financial Services Committee House Financial Services Committee
- As US House Efforts to Push Crypto Oversight Ramp Up, EU Move in Cards? Blockworks
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