BLOOMBERG: Crypto’s Boom Demands Response From Congress, Key Lawmaker Says
Robert Schmidt | November 17, 2021
Congress must pass legislation to regulate cryptocurrencies before their rapid growth and popularity pose dangers to investors and the financial system, the chairman of the Joint Economic Committee said.
Representative Don Beyer, who is holding a hearing Wednesday on “demystifying crypto,” acknowledged that most lawmakers have a steep learning curve when it comes to digital assets but said it’s vital they provide guidelines for regulators. Beyer added that he’d be “thrilled” if a bill could be passed sometime next year.
“We are trying to get ahead of this,” Beyer said in an interview.
Read the full article here.
Robert Schmidt | November 17, 2021
Congress must pass legislation to regulate cryptocurrencies before their rapid growth and popularity pose dangers to investors and the financial system, the chairman of the Joint Economic Committee said.
Representative Don Beyer, who is holding a hearing Wednesday on “demystifying crypto,” acknowledged that most lawmakers have a steep learning curve when it comes to digital assets but said it’s vital they provide guidelines for regulators. Beyer added that he’d be “thrilled” if a bill could be passed sometime next year.
“We are trying to get ahead of this,” Beyer said in an interview.
Read the full article here.
