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Discussion around A new crypto legislation in Congress complicated Concern about President Donald Trump’s involvement in the cryptocurrency industry.
During hearing 4th. June In the Committee on House Financial Services, Representative Maxine Waters caused concern about what she See as the main gap in the proposed law on the clarity of the digital property market (clarity).
Waters indicated Private Dinner President Trump hosted For his fans with the best meme coins, an event that allegedly brought $ 148 million and warned that without certain rules,, The draft could enable the president to use personally from future crypto policies.
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She said she was leaving space for risk practices to continue unverified and that investors could expose more damage. She also claimed that the account offers a little help to the victims of fraud and does not include penalties for the crypto industry.
The Chairman of the Committee of the French Hill stated that The disadvantage of the federal frame has left a digital property companies insecure how to work.
According to him, without a defined role of regulators such as the Securities Commission and Exchange Commission (SEC) and Commission for Rob trading (CFTC), startups and investors remain uncertain about the rules applied to them.
However, Former CFTC President Timothy Massad called the role of President Trump in the “Tanja” cryptocurrency and warned that he could blur a line between public interest and personal benefit. Massad said it was difficult to know if the president’s actions were aimed at improving the industry or increasing their own gain.
On May 28, former CFTC President Rostin Behnam shared his views on the US cryptocurrency market. What did he say? Read the whole story.
After a master’s degree in economics, politics and culture of the East Asia region, Aaron wrote scientific papers by analyzing the differences between Western and collective forms of capitalism in the Era after World War II.
Considering the decade of experience in Fintech industry, Aaron understands all the biggest questions and struggles that cryptocurrency lovers face. He is an avid analyst who deals with the content based on data and facts, as well as the one who speaks to the web3 natives and the newcomer in the industry.
Aaron is a person for everyone and for all related to digital currencies. With a huge passion for Blockchain & Web3 education, Aaron tries to transform the space the way we know it and make it more affordable to complete beginners.
Aaron quoted more established outlets and was the author himself. Even during her free time, she enjoys exploring market trends and looking for the next Supernova.
