US House Agriculture Committee holds hearing on crypto regulation amid SEC lawsuits

US House Agriculture Committee holds hearing on crypto regulation amid SEC lawsuits



In light of recent legal actions taken by the Securities and Exchange Commission (SEC) against major cryptocurrency exchanges Binance and Coinbase, the House Agriculture Committee held a hearing to discuss the regulation of cryptocurrency spot markets.



Following the SEC's lawsuits against Binance and Coinbase, the U.S. House Agriculture Committee convened a hearing with two panels on June 6 to address the regulation of cryptocurrency spot markets.



The first panel featured Rostin Behnam, Chair of the Commodity Futures Trading Commission (CFTC), who answered lawmakers' questions. The second panel consisted of professionals from the cryptocurrency industry and former CFTC executives.



During his session, Behnam focused on the need for clear categorization of cryptocurrency tokens, the current enforcement practices, and the


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#Altcoin, #Binance, #Bitcoin, #Blockchain, #Coinbase, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #Ethereum, #News, #Regulations, #SEC

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