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Crypto Industry Representatives Testify Before Congress
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investopedia.comFor a technology with ambitions to accelerate the workings of financial infrastructure in the United States, cryptocurrencies have made extremely slow progress on making the case for custom legislation before lawmakers. On Dec. 8, 2021, representatives of the crypto industry tried again.
While urging Congress to establish a «single unified framework» for regulation, representatives of the cryptocurrency industry also asked the legislative body to formulate laws that were separate from the existing framework to ensure that innovation thrives in the crypto ecosystem. According to online publication Coindesk, nearly 40 lawmakers asked questions relating to various aspects of cryptocurrencies.
The hearing yesterday was another attempt by
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