6 takeaways from the Senate’s crypto market structure hearing
Following the May release of the CLARITY Act, the House of Representative’s market structure bill to establish a cryptocurrency regulatory framework, the Senate Banking Committee met with industry leaders Wednesday to discuss how the Senate would craft its own framework.
Here are six takeaways from the hearing.
America is behind in establishing a crypto regulatory framework.
Countries like the U.K., Japan and Singapore are implementing bespoke digital asset frameworks, as the U.S. has fallen behind, Blockchain Association CEO Summer Mersinger said.
“[W]e must view establishing a federal regulatory framework as a national priority,” Mersinger said. “Digital assets and blockchain…
