Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»TRADING NEWS»US senators call for light crypto regulation that doesn’t kill innovation and drive companies overseas.
TRADING NEWS

US senators call for light crypto regulation that doesn’t kill innovation and drive companies overseas.

By Crypto FlexsDecember 9, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
US senators call for light crypto regulation that doesn’t kill innovation and drive companies overseas.
Share
Facebook Twitter LinkedIn Pinterest Email

A US senator said Congress should regulate the cryptocurrency industry “with light measures that do not stifle American innovation.” Cryptocurrencies “have the potential to disrupt much of the traditional banking model,” he said.He emphasized that cryptocurrency regulation must be appropriate to avoid forcing companies overseas.

‘Must be regulated with a light touch’

Senator Bill Hagerty (R-TN), a member of the U.S. Senate Banking and Foreign Affairs Committee and former U.S. Ambassador to Japan, criticized JPMorgan CEO Jamie Dimon’s controversial comments on Bitcoin and cryptocurrencies in an interview with Bloomberg and social media posts. I mentioned the remarks. Platform X on Thursday.

In response to Dimon’s comments during a Senate hearing in which he said he would shut down cryptocurrencies and Bitcoin if he were the government, Hagerty wrote:

I can understand why big banks are against cryptocurrencies. This technology has the potential to disrupt much of the traditional banking model. This isn’t a fight for DC to take sides. We need to regulate with a light touch that doesn’t kill American innovation.

The senator was asked in a Bloomberg interview whether the government should do more to regulate cryptocurrencies.

While he acknowledged the potential threat that cryptocurrencies pose to traditional banks, he emphasized the need to foster innovation rather than stifle it. “We need to come back and look at this industry,” he said, urging Congress to “maintain the innovative aspect of the cryptocurrency industry rather than push it overseas.”

The National Assembly member added:

We need to find a good way, a good way, an appropriate way to regulate cryptocurrencies with a light touch so that they can continue to lead through innovation.

Hagerty is among lawmakers who have criticized the U.S. Securities and Exchange Commission (SEC) and Chairman Gary Gensler for taking an enforcement-centric approach to regulating the cryptocurrency industry.

Do you agree with Senator Bill Hagerty that the United States should lightly regulate cryptocurrencies to allow innovation to thrive? Let us know in the comments section below.

Source: Bitcoin.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Don’t invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

like this:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025
Add A Comment

Comments are closed.

Recent Posts

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025

Meme Coin Little Pepe Raises Above $24M In Presale With Over 39,000 Holders

September 2, 2025

Bybit WSOT 2025 Attracts Quadruple Squads As $8M Main Competition Commences

September 2, 2025

Duration Of The Process And Important Nuances

September 2, 2025

PrimeXBT Launches “Empowering Traders To Succeed” Campaign, Leading A New Era Of Trading

September 2, 2025

Korean sleeves cut Tesla and pivot with encryption stocks.

September 2, 2025

Are you ready to token everything?

September 1, 2025

Sign Up And Get $500, Ushering In A New Era Of BTC, XRP, And DOGE Cloud Mining

September 1, 2025

Turning Social Hype Into Token Allocation

September 1, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cango Inc. Announces August 2025 Bitcoin Production And Mining Operations Update

September 2, 2025

BitMine Immersion (BMNR) Announces Release Of August Investor Presentation And Latest Video Message From Tom Lee, Chairman

September 2, 2025

Pioneering AI Visionary Vincent Boucher & AGI Alpha Announce A Meta‑Agentic AGI Jobs Marketplace Platform

September 2, 2025
Most Popular

Lisk Announces Transition to Ethereum Ecosystem as Layer 2 Platform

December 20, 2023

Binance Futures Launches 75x Leverage USDⓈ Margin RPL Perpetual Contracts

September 9, 2024

The SEC is in court again

January 20, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.