Members of the House of Representatives appealed to the heads of regulatory agencies with a demand to join forces to resolve pressing issues regarding cryptocurrencies.
US legislators are trying to put pressure on regulators and speed up the creation of a joint working group with the participation of the CFTC and the SEC.
Congressmen Patrick McHenry and Glenn Thompson sent letters to departments calling on them to speed up the creation of a group on cryptocurrency issues.
McHenry had previously expressed concerns that Gary Gensler's intentions to gain greater control over the crypto-ecosystem threaten to harm American innovation.
Representatives of the Chamber are confident that instead of total control and limitation of innovation, authorities must establish an active dialogue between regulatory agencies and market participants. They call on departments to begin the work of the group immediately, without waiting for a special decree, and to explore the possibilities of sharing their powers.
Subscribe to ForkNews in Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
The US plans to equate stablecoin issuers with banks
According to American media reports, the White House is considering introducing strict regulation against stablecoin issuers.
Paraguay has become another Latin American state favorable to crypto and mining
The Paraguayan Senate has approved a bill that allows companies in the country to use excess electricity for mining. The document may come into force as early as 2022. What does it mean for the development of cryptocurrencies and will Paraguay follow the example of El Salvador, the first country to officially recognize Bitcoin?
