Express
Congressman Says It Is Unfair To Regulate Crypto Companies By Enforcement
Summary: During today's crypto hearing held by the House Financial Services Committee, Congressman Jake Auchincloss stated that the system of "regulation by enforcement" is unfair to crypto companies that must deal with different regulatory agencies. Unclear regulation has always been one of the complaints of the crypto industry. Auchincloss said he is willing to work with Republicans and ...
During today's crypto hearing held by the House Financial Services Committee, Congressman Jake Auchincloss stated that the system of "regulation by enforcement" is unfair to crypto companies that must deal with different regulatory agencies.
Unclear regulation has always been one of the complaints of the crypto industry. Auchincloss said he is willing to work with Republicans and Democrats to address these concerns. In his view, cooperation between primary market regulators and the private sector's self-regulatory organizations can solve issues such as custody requirements and stablecoin standards, which may be the most meaningful to the market.
By Mary Liu
Tags: Crypto,Regulation
Link: Congressman Says It Is Unfair To Regulate Crypto Companies By Enforcement [Copy]
