- Two key Congressional panels are set to hold a meeting on crypto regulations.
- A senior member of one of these panels does not appear keen on the plan.
- The lawmaker is not alone in his skepticism.
The lack of a crypto regulatory framework in the United States has long been a concern for industry participants. The situation has worsened as regulators appear to be clamping down on the industry, forcing some firms to look abroad.
The House Committee on Financial Services and the House Committee on Agriculture are set to host an unprecedented joint hearing on Wednesday, May 10, with plans to work together on crypto regulations to address industry concerns. Not all lawmakers are on board with the plan, however, as recently highlighted by statements from Representative Brad Sherman.
Sherman: “We Don’t Need to Keep up on Crypto”
In a recent Bloomberg interview shared on Tuesday, May 9, Sherman argued that…
