US lawmaker invokes SEC lawsuits in contemplating crypto regulatory framework

Members of the US Home Monetary Providers Committee met to debate readability for the digital asset ecosystem, with some invoking latest authorized motion from the Securities and Alternate Fee (SEC) in opposition to crypto companies.

In a June 13 listening to of the committee, rating member Maxine Waters (NYSE:) mentioned Democrats had been taking a “severe and considerate look” at a proposed framework launched by Republicans on the regulation of digital belongings. Committee Chair Patrick McHenry mentioned he anticipated bipartisan enter on a draft invoice, with markups following a congressional recess in July.

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