Paxos, Coinbase, Circle Execs Testify During a Crypto Congress Hearing. What to Know.

InvestorPlace2021-12-09

Today, fans of crypto have an action-packed hearing to digest, as major executives from companies like Coinbase(NASDAQ:COIN),Paxos,Circle and FTX testify in front of lawmakers to advocate for more ...

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精彩评论

angelo0908
2021-12-09
angelo0908
May impact again the crypto prices
- HengHuat:
  very correct
Kel9670ong
2021-12-09
Kel9670ong
Possible regulatory in crypto?
SanWangtikup
2021-12-09
SanWangtikup
Up
Janiceeee
2021-12-09
Janiceeee
Crypto 🚀
KS_Lee
2021-12-09
KS_Lee
Interesting development for crypto.
- HelloKitty55:
  ok
pangchingwen
2021-12-09
pangchingwen
good
- KS_Lee:
  Yes.

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155

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The hearing, which started at 10 a.m. Eastern, marks the first time in history that a group of crypto chief executives testifies in front of Congress.\nDemocratic Rep. Maxine Walters, an advocate for cryptocurrency regulations, is leading the hearing. Unsurprisingly, she raised concerns about the lack of regulations during the hearing:\n\n “Currently, cryptocurrency markets have no overarching or centralized regulatory framework, leaving investments in the digital-asset space vulnerable to fraud, manipulation and abuse.”\n\nCrypto execs are obviously in favor of looser regulations, and they are finding more allies among Republicans than Democrats. Republican Rep. Patrick McHenry warned that excessive regulation of crypto could result in brain drain, pushing technological innovations — and innovators — to other countries. 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This would enable market participants and regulators to monitor and correct settlement and margin shortfalls in real time. We agree that shortening the trade settlement cycle should be a high priority for the SEC, and we are working aggressively to make that possible.”\nAdditionally, Coinbase CFO Alisia Haas argued that cryptocurrencies don’t fit within the existing structure of U.S. financial policies and that new laws should be made that are tailored to cryptocurrency.\nCircle CEO Jeremy Allaire analogized that the U.S. dollar is to postal mail what crypto is to emails. 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🚀&nbsp;","listText":"Crypto 🚀&nbsp;","text":"Crypto 🚀","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/602221917","repostId":1198246189,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":602284443,"gmtCreate":1639027178794,"gmtModify":1639043067873,"author":{"id":"3579578865458065","authorId":"3579578865458065","name":"KS_Lee","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579578865458065","authorIdStr":"3579578865458065"},"htmlText":"Interesting development for crypto.&nbsp;","listText":"Interesting development for crypto.&nbsp;","text":"Interesting development for 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