Page 55 - Stellar Development Foundation News Today

Six of the crypto world’s top executives testified yesterday before the House Financial Services Committee in defense of cryptocurrencies.

Executives from Coinbase, Circle, FTX, and other crypto companies asked Congress to go slow on imposing stiff rules on the crypto industry, amid lawmakers debating new rules.

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. Leaders from major crypto exchanges, mining and other related businesses testified for four-and-a-half hours before the financial…

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It’s more of a fact-finding mission than a chance to take the CEOs to task.

Speaking at a congressional committee, former Acting Comptroller of the Currency Brian Brooks said some crypto firms had already been forced to do business abroad, and encouraged a less "fragmented approach to regulation."

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 that overly tough restrictions would push it overseas.

Cornell University’s Ari Juels claims lawmakers will focus on the flaws of cryptos in today’s Congress hearing.

By Pete Schroeder and Katanga Johnson 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 w...

Top executives from six cryptocurrency firms told Congress on Wednesday to tread lightly in imposing new rules on digital assets - or risk sending activity underground or outside the United States.