Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Since the United States Congress will consider key legislation that could transform the regulatory framework for digital assets, the highest cryptometers, supporters of politics and the former regulatory bodies that will testify to the Senate Banking Committee.
Wednesdays will be legislators with the US Senate Banking Committee hear From Ripple Brad CEO, a former member of the Commodity Futures (CFTC) Commission (CFTC) and CEO of the Blockchain Summer Mersinger, former CFTC Timothy Massad, Chainlysis CEO Jonathan Levin and others dealing with digital property markets.
Hearing will mean one of the first when US lawmakers could offer a view of the Senate deals with the law on the structure of the market after its leadership The aim was to approve the legislation to October.
“We are at a critical infection point,” said Mersinger in the prepared testimony. “The choice before us is not whether to regulate this industry, but how. We can either continue the path of uncertainty that will advance our leadership and export this innovation to other countries, or for decades we can enact a reasonable bilateral legislation.”
Republican leadership in the House of Representatives announced on Thursday The fact that they intended to solve three pieces of crypto related legislation starting Monday as part of the regulatory “crypto of the week”.
Accounts include leading and creating national innovations for American stablecoins or brilliant law, passed through the Senate In June and the comprehensibility of the market for digital assets or clarity, considered in the house. The Chamber will also focus on legislation to stop the development of the digital currency of the US central bank or CBDC.
Related: Coinbase Crypto Lobby Urinis Congress to support the main crypto
Potential clashes of interest could still throw shadow on legislation
Hearing will be one of the first direct performances by Garlinghouse in front of the US lawmakers in the middle of the growing Ripple involvement in the political discussions in Washington, DC Blockchain Company donated $ 5 million XRP inauguration Fund Donald Trump and Garlinghouse appeared in the White House Krypto Summit.
https://www.youtube.com/watch?v=5a4uto3qgtu
Richard Painter, a former White House lawyer, will also testify to the meeting.
The US President released his own memoin in January, before his inauguration. In addition, he and his family are associated with Crypto Company World Liberty Financial, including Stablecoin, USD1.
During the first vote of the Senate for the Genius Act in May several Democrats Downloaded support for Bill StabblecoinInvoking concerns about Trump’s crypt companies. Although the bill later went through democratic support, some legislators have suggested that they will be Continue to negotiate Regarding the concerns about Trump’s links to industry.
Magazine: Bitcoin vs Stablecoins Showdown is being built as brilliant act is approaching
