The cryptographic industry had the opportunity to make a complete appeal for Congress to finally intervene and establish legal standards for digital asset bus digital
Under the title of the subcommittee led by the Republicans “a golden age of digital assets”, the industry representatives appeared at the hearing with impulse at all levels of the federal government, even of the White House, whose cryptographic was the one that He was the first to pronounce the first. “Golden Age” phrase. Little more than two years after the devastation of collapant cryptographic lenders and FTX’s criminal implosion in 2022, the industry has demonstrated its strong recovery with a list of legislators clearly aboard the legislation that the industry has been asking.
“According to the Trump administration, we will correct the course creating a viable route so that responsible digital asset companies establish operations here in the United States,” said representative Bryan Steil, a Wisconsin Republican who presides over the subcommittee that is a branch of the Financial Financial House Service Committee.
The Republicans in the panel denounced the “unpredictable and hostile approach” of the administration of the administration of former President Joe Biden (as Steil said), with an executive branch that is already reversing some of those past policies in the federal deposit insurance corp corp . But the Holy Grail for the Industry is a high -range bill such as the one approved in the Chamber in the previous session of the Congress.
“There are many problems to discuss in the coming years, but we need to move now and put that basic base in place,” said Jonathan Jachym, lawyer and head of global policy in the US. UU. Exchange Kraken.
Among the witnesses of the audience were Timothy Massad, former president of the Basic Products Trade Commerce Commission when he first marked Bitcoin (BTC) as a product. He warned legislators not to push the details too to solve the technical aspects.
This was the first audience of the digital asset panel during this new congress, but other committees in both cameras have already been digging in cryptographic issues, such as debate. Earlier on Tuesday, the president of the Federal Reserve, Jerome Powell, agreed that Debanking is a problem that is worth exploring, and also agreed that the Fed would not pursue a digital currency of the central bank on its clock.
While the Republicans and witnesses of the industry criticized the history of the Biden Administration, others took the opportunity to criticize President Donald Trump for hugging Crypto for his personal benefit by supporting Memecoin $ Trump, which characterized as a “crypto scam “That presents a dangerous conflict and a dangerous conflict can violate the constitutional disposition against federal officials seeking profits from their office.
