⚡️ Important news from the world of cryptocurrency and blockchain! ⚡️
• All five SEC commissioners, including Chairman Gary Gensler, testified before a full session of the US Congress. The agency was criticized for its aggressive approach to regulating cryptocurrencies.
• Lawmakers expressed dissatisfaction with the SEC's vague policy on digital assets. Commissioner Hester Peirce emphasized that the agency has not provided clear rules for the crypto industry.
• Representative French Hill echoed Peirce, adding that the SEC is trying to seize control over cryptocurrencies through broad enforcement measures.
• Chairman Patrick McHenry and Maxine Waters continue to discuss regulation of stablecoins, which could change the global digital economy.
💬 Share your thoughts in the comments! What do you think will happen next for cryptocurrency regulation? 💬