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‘Federal agencies should answer questions’ about crypto regulations, says U.S. Senator
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Pressure is mounting on the United States Securities and Exchange Commission [SEC]. Since, not just fintech stakeholders, but even senators call on Congress to clear the muddied waters of crypto laws and guidelines in America. A response from Senator Pat Toomey was only the latest offering to reveal the rift between the SEC and the U.S. Senate Banking Committee.
On 3 December, Toomey reacted to SEC Chairman Gary Gensler’s answers to Toomey’s questions about crypto regulation. The Senator reportedly “expressed disappointment” and said,
“For investors to benefit from a fair and competitive marketplace, federal agencies should answer questions about whether – and if so, how – new and emerging technologies fit under existing regulations.”
He
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