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Cryptocurrency executives went to Capitol Hill Wednesday to say their fast-growing industry understands more regulation is likely coming, but they don't want it to squelch the next wave of the internet or send it offshore to other countries.

Cryptocurrency executives went to Capitol Hill Wednesday to say their fast-growing industry understands more regulation is likely coming, but they don’t want it to squelch the next wave of the internet or send it offshore to other countries

NEW YORK (AP) — Cryptocurrency executives went to Capitol Hill Wednesday to say their...

Cryptocurrency executives went to Capitol Hill Wednesday to say their fast-growing industry understands more regulation is likely coming, but they don’t want it to squelch the next wave of the internet or send it offshore to other countries

Crypto executives inform the House Committee on Financial Services that crypto is here to stay.

Bitcoin was trading around the $50,000 level Thursday morning.

The nearly five-hour-long hearing could help further legitimize crypto, though it also revealed the difficulties federal officials face in regulating the industry.

Family of banded mongoose at Masai Mara National Park, Kenya. Getty images stock photo Rep. Brad Sherman joked about a hypothetical mongoose coin

Cryptocurrency executives went to Capitol Hill Wednesday to say their fast-growing industry understands more regulation is likely coming, but they don’t want it to squelch the next wave of the internet or send it offshore to other countries

WASHINGTON (Reuters) — Top executives from six major cryptocurrency companies including Coinbase and Circle on Wednesday urged Congress to provide clearer rules for the booming $3 trillion industry, but warned