The Daily Hodl
2024-12-14 16:30:24

New House Financial Services Committee Chairman Says Clear Crypto Regulations Are Near the Top of His To-Do List

Rep. French Hill says establishing a clear market structure for digital assets is one of his top three priorities as the newly elected House Financial Services Committee chairman. Hill (R-Arkansas), a staunch supporter of the crypto sector, secured the chairmanship earlier this week, taking over for retiring fellow GOP lawmaker Patrick McHenry (R-North Carolina). The Arkansas legislator tells CNBC in a new interview that crypto doesn’t currently have “rules of the road” and needs new legislation. “Under Chairman Gensler, we had just regulation by enforcement. This is not helping America succeed, not helping technological advancement, innovation for web3, the use of blockchain both in publicly traded companies and in financial services. So that is the top priority for us, and our Majority Leader Steve Scalise has it on his ‘First 100 Days of the House [Agenda]’ is to move a regulatory structure bill for digital assets.” U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler announced that he would step down from his post in January. Under Gensler’s leadership, the securities watchdog launched high-profile enforcement actions against many crypto firms, including industry giants Binance, Kraken, Coinbase, Ripple Labs, Uniswap Labs and Consensys. Hill has an “A” rating from Stand With Crypto, a digital asset advocacy group backed by top US crypto exchange Coinbase. The Arkansas lawmaker has criticized the Federal Deposit Insurance Corporation (FDIC) for allegedly having “pressured banks to sever ties with entire industries like crypto.” Hill promised in November that the House Financial Services Committee would work with President-elect Donald Trump to halt that pressure and conduct an investigation. Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Follow us on X , Facebook and Telegram Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post New House Financial Services Committee Chairman Says Clear Crypto Regulations Are Near the Top of His To-Do List appeared first on The Daily Hodl .

Crypto 뉴스 레터 받기
면책 조항 읽기 : 본 웹 사이트, 하이퍼 링크 사이트, 관련 응용 프로그램, 포럼, 블로그, 소셜 미디어 계정 및 기타 플랫폼 (이하 "사이트")에 제공된 모든 콘텐츠는 제 3 자 출처에서 구입 한 일반적인 정보 용입니다. 우리는 정확성과 업데이트 성을 포함하여 우리의 콘텐츠와 관련하여 어떠한 종류의 보증도하지 않습니다. 우리가 제공하는 컨텐츠의 어떤 부분도 금융 조언, 법률 자문 또는 기타 용도에 대한 귀하의 특정 신뢰를위한 다른 형태의 조언을 구성하지 않습니다. 당사 콘텐츠의 사용 또는 의존은 전적으로 귀하의 책임과 재량에 달려 있습니다. 당신은 그들에게 의존하기 전에 우리 자신의 연구를 수행하고, 검토하고, 분석하고, 검증해야합니다. 거래는 큰 손실로 이어질 수있는 매우 위험한 활동이므로 결정을 내리기 전에 재무 고문에게 문의하십시오. 본 사이트의 어떠한 콘텐츠도 모집 또는 제공을 목적으로하지 않습니다.