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Breaking: 21 US Watchdogs Oppose Crypto Bill

source-logo  coingape.com 12 July 2023 14:40, UTC

Crypto Market News: A group of United States based industry watchdogs came together in opposition to the US House Financial Services Committee’s proposed draft bill on the crypto market structure. The comprehensive digital asset bill was intended to bring in a regulatory framework in the US that includes clear rules and guidelines for the crypto industry. Earlier, CoinGape reported that the committee Chair Patrick McHenry planned to hold a committee vote in July 2023. The draft bill is centered around the role of the US Securities and Exchange Commission’s (SEC) in monitoring the regulatory framework.