On Could 10, the Monetary Providers Committee and Agriculture Committee of the U.S. Home of Representatives held their first joint listening to on the regulation of digital belongings. The occasion gave the impression to be the logical follow-up to a different latest listening to the place representatives lambasted Securities Change Fee Chairman Gary Gensler for a perceived regulatory overrun.

The primary narrative, articulated by the initiators of the listening to, was that Congress ought to step in with its personal regulatory plan to supply certainty, cease “regulation by enforcement,” and regulate competitors amongst regulators. However perhaps that should not be the case, many attorneys additionally consider.

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