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US Congress Holds Discussions on Cryptocurrency Legislation, DeFi Regulation in Focus
Summary: According to reports, the US Congress recently held a 'cryptocurrency lightning war' meeting, with both parties engaging in roundtable discussions with industry leaders. White House Crypto and AI Czar David Sacks stated that market structure legislation is the government's top priority this year. At the Democratic Party meeting, senators acknowledged that cryptocurrencies provide opportunities for ...
According to reports, the US Congress recently held a 'cryptocurrency lightning war' meeting, with both parties engaging in roundtable discussions with industry leaders.
White House Crypto and AI Czar David Sacks stated that market structure legislation is the government's top priority this year. At the Democratic Party meeting, senators acknowledged that cryptocurrencies provide opportunities for voters who are unfairly treated under the traditional banking system, but Arizona Senator Gallego warned industry leaders at the DeFi proposal leak event not to become 'accomplices of the Republican Party.' The Republican Party meeting focused on defining and regulating DeFi, proposing to focus regulation on intermediaries rather than protocols, and suggesting that both parties and industry representatives jointly review the bill line by line. Senator Kennedy likened the legislative process to 'the ups and downs of a heroin addict.' Despite both parties expressing willingness to cooperate, specific next steps are not yet clear.
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Link: US Congress Holds Discussions on Cryptocurrency Legislation, DeFi Regulation in Focus [Copy]
