WASHINGTON : A key House Republican lawmaker said Tuesday that he intends to hold a committee vote on a comprehensive bill to establish a regulatory framework for cryptocurrency products in the coming weeks.Representative Patrick McHenry, chairman of the House Financial Services Committee, said he expects
WASHINGTON : A key House Republican lawmaker said Tuesday that he intends to hold a committee vote on a comprehensive bill to establish a regulatory framework for cryptocurrency products in the coming weeks.
"I intend for this committee to mark up some form of this legislation when we return from the July 4 recess," he said at a hearing Tuesday. Crypto firms have been clamoring for such clarity from Congress, particularly as the Securities and Exchange Commission has taken a harder line, arguing most major crypto products are securities that must be registered and suing major exchanges.
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