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Sonakshi Saxena
Jun 6, 2023
by Sonakshi Saxena

Congress Summons Coinbase, Robinhood, and CFTC for Testimony on Proposed Crypto Legislation

Congress Summons Coinbase

Table of contents

  1. Coinbase to brief on proposed U.S. regulation on crypto-tokens
  2. United States to regulate bitcoin as it seeks to keep up with global competition
In order to talk about a new crypto bill that has been proposed, Coinbase, Robinhood, and representatives from the US commodities regulator are going to testify before Congress.

Coinbase to brief on proposed U.S. regulation on crypto-tokens

The threesome will be sharing their company's, or alternately office's perspectives on a proposed charge that could see certain crypto tokens named computerized products, in addition to other things. "Tomorrow I have the pleasure of affirming on Legislative center Slope before the House Council on Agribusiness to share Coinbase's perspectives on the Digital Asset Market Structure Discussion Draft delivered last week," said Coinbase Boss Legitimate Office Paul Grewal

Different observers called to affirm incorporate previous CFTC seat Chris Giancarlo, previous CFTC official Dan Berkvitz and FIAconnect organizer Walt Lukken.

United States to regulate bitcoin as it seeks to keep up with global competition

The United States is behind. We can't easily overlook crypto while different business sectors exploit our nonattendance, creating decides and guidelines that empower the business to flourish and gamble with sending position, speculation, and innovative authority abroad The Digital Asset Market Structure Discussion Draft was delivered and is essential for a push from conservative representatives Patrick McHenry and Glenn Thompson to give a "legal system for advanced resource guideline expected to give clearness, fill administrative holes, and cultivate development, while giving satisfactory customer insurances."

Remarking on the draft, Grewal depicted it as a "smart exertion" that addresses "a significant step in the right direction," as he approached "legislators from the two sides of the passageway to wThe moves seem to line up with Coinbase's long-running push for additional exact administrative rules for the crypto area and would come simply a day after rival crypto trade Binance was hit with 13 charges by the U.S. SEC..

"With in excess of 20% of Americans possessing and utilizing crypto, we really want an administrative structure that will safeguard buyers and empower the basic purposes of this new innovation to proceed and develop," Grewal expressed

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Coinbase Robinhood Crypto Legislation and CFTC testimony
Congress Summons Coinbase, Robinhood, and CFTC for Testimony on Proposed Crypto Legislation
Sonakshi Saxena
Sonakshi is into the crypto world ever since she heard about it and is pursuing her interest through Cryptoknowmics. She is a sensational poet, technical writer and content strategist.

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