The new Digital Assets Subcommittee within the House Financial Services Committee cryptocurrency He is scheduled to hold his first-focused hearing on Thursday, March 9.
The hearing will be held at 22:00 Turkish time and will be broadcast live on YouTube.
The title of the hearing was “Coincidental or Coordinated? Management’s Attack on the Digital Asset Ecosystem”.
US Regulators Continue to Target Cryptocurrencies
The SEC, led by Gary Gensler, has led US officials in their stance on cryptocurrencies, but recent steps have disappointed the crypto industry. Especially lately the SEC has become even more aggressive.
SEC in the past month bitcoin exchange shut down Kraken’s staking service and stablecoin issuer Paxos’ Binance stablecoin.
By arguing that the vast majority of the market consists of tokens that are actually investment contracts, the SEC makes these token issuers, brokers, and exchanges liable for a series of statements that crypto firms oppose.
Gensler has long plagued the crypto industry with his approach that crypto is more centralized than it seems.
Recent reviews from banking regulators have fueled rumors that crypto companies will be cut off from banking relationships.
A joint statement on the subject recently made by the Office of the US Currency Controller, the Fed and the Federal Deposit Insurance Corporation targeted these concerns. “Banking entities are neither prohibited nor discouraged from providing banking services to any special class or type of customers, as permitted by law or regulation,” the three regulators wrote.
*Not investment advice.
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