The Cryptocurrency Explosion Is In Full Swing—And There's No Shortage Of Controversy

As lawmakers and regulators from around the world arrive in Washington, DC, for a two-day meeting of the US Congress, they are faced with two cryptocurrency and blockchain bills. very different blocks. The first is a bipartisan bill that would regulate cryptocurrencies like Bitcoin and Ethereum like traditional financial markets.

The second is a set of crypto bills backed by House Financial Services Committee Chair Maxine Waters (D-CA) that would create a national cryptocurrency exchange and give it the power to regulate it. trading platforms, including cryptocurrency exchanges without any government. supervision or regulation.

Lawmakers are also considering a number of different bills related to blockchain technology, including one introduced by Rep. Brad Sherman (D-CA), who will create a national blockchain committee to oversee regulatory issues surrounding the technology.