Live Updates: US Senate Discusses Cryptocurrency Regulation

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The heads of the SEC and the CFTC, Jay Clayton and J. Christopher Giancarlo respectively, will be faced with a number of industry witnesses, which are listed on the official government website.

Clayton said in his pre-prepared statement: “As Chairman Giancarlo and I stated recently, we are open to exploring with Congress, as well as with our federal and state colleagues, whether increased federal regulation of cryptocurrency trading platforms is necessary or appropriate. We also are supportive of regulatory and policy efforts to bring clarity and fairness to this space.”

We will be providing updates on the hearing as it progresses.![US_Senate_Session_Chamber.jpg]