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U.S. regulators have crypto on their agenda in 2022, will it translate into action
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ambcrypto.comThe CEOs of six major crypto companies testified before the House Financial Services Committee last week. In which, the executives asked for clear crypto regulations that can support innovation in the sector.
In that regard, Amias Gerety, a partner at QED Investors and a Treasury Department official in the President Obama administration noted in a recent interview,
“I don’t think that making an asset digital requires any new regulation.”
He further explained that anyone transferring value through an electronic system will be under the purview of the law. In context to the hearing and the recent PWG stablecoin report, he also stated,
“They’re missing the fact that right laws and regulations should be technology-agnostic. And that’s the best way
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