Crypto Legislation Momentum Builds in Congress Amid Regulatory Push

BTCC / BTCC Square / Global Cryptocurrency /

Author:

Release Time:

2025-04-29 23:24:02

Former U.S. lawmakers and regulators are sounding the alarm for urgent action on cryptocurrency legislation, framing the current political climate as a pivotal window for establishing clear rules. Patrick McHenry, ex-Republican House member, and Rostin Behnam, former Democratic CFTC chair, agree that fragmented regulatory measures are no substitute for comprehensive lawmaking.

McHenry highlighted key allies in Congress—Senator Tim Scott (R-SC) and Representative French Hill (R-AR)—as critical figures who could shepherd crypto-friendly policies through their respective banking and financial services committees. "This is the industry’s moment to secure durable legal frameworks," he asserted during a Georgetown University panel, dismissing temporary regulatory fixes as inadequate.

By:

Log in to Reply

Tether Holds $770M in Swiss-Vaulted Gold for XAUT Backing

Articles on this site are sourced from public networks or curated by AI for informational purposes only and do not represent BTCC’s views. Original rights belong to the respective authors. For copyright concerns, please contact [email protected]. BTCC assumes no liability for the accuracy, timeliness, or completeness of this information, and disclaims all liability arising from reliance on such content. This content is for reference only and should not be taken as investment, legal, or commercial advice.