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The need for crypto regulation is periodically pointed out by many American politicians and departments, including the Treasury and the Federal Reserve. However, so far, the government and Congress have not agreed on a common approach to solving the problem of increasing the transparency of the digital asset market and ensuring the safety of investors.
It became known that several heads of crypto companies will address the congressmen next week. They will tell legislators about the problems and prospects of the market, as well as provide their suggestions for the regulatory framework.
A congressional hearing on "Digital Assets and the Future of Finance" is scheduled for December 8th. According to the latest reports, Jeremy Allier of the Circle startup will deliver a speech to lawmakers. Speakers also include FTX's Sam Bankman-Freed, Bitfury's Brian Brooks, Paxos's Chad Cascarilla, Stellar's Denelle Dixon, and Coinbase's Alecia Haas.
Representatives of the crypto business have not given any official comments yet, but it is already known for sure that Coinbase CEO Brian Armstrong will not be present at the congressional hearings.