While Senate Agriculture Committee Chairwoman Debbie Stabenow mentioned her legislative proposal for crypto oversight is on the way, the panel's top Republican, Sen. John Boozman, expressed doubts on stakeholder support during Wednesday's hearing.
Commodity Futures Trading Commission Chair Rostin Behnam stressed Congress' urgent need to address digital assets, highlighting the lack of regulatory measures and its impact on investors and U.S. competitiveness.
Behnam emphasized the necessity for Congress to act swiftly to fill the regulatory gap and provide essential customer protections in the U.S. financial markets concerning digital assets.
#senate-agriculture-committee #legislative-proposal #crypto-oversight #regulatory-gap #digital-assets
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