US commodity regulatory agency urges prompt action on Cryptocurrency

According to Jinse Finance, Debbie Stabenow, the chair of the Senate Agriculture Committee, said that the latest legislative proposal to oversee the Cryptocurrency market will be submitted to other members of the committee this week. A senior Republican on the committee said that his meeting with encryption industry leaders showed that the legislative work may not be ready. Meanwhile, Rostin Behnam, the chairman of the Commodity Futures Trading Commission, testified urgently that Congress needs to take action on digital assets.

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