Democrats oppose senators seeking "loose regulation" on cryptocurrency market
Internet reports that a key U.S. Senate committee is debating proposed digital asset regulation. Republicans have called for a "soft" approach to regulation, while Democrats have warned of possible loopholes and conflicts of interest. The Senate Banking Committee's hearing on Wednesday was aimed at promoting legislation on the structure of the cryptocurrency market, with the goal of making progress before the committee's September 30 deadline. The House is scheduled to consider its own proposal next week.
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