Cheyenne Ligon is a CoinDesk news reporter with a focus on crypto regulation and policy. She has no significant crypto holdings.
Bipartisan senators called for a new regulatory framework for the crypto industry during a Senate Banking Committee meeting on Tuesday.
U.S. Senator Thom Tillis said on Tuesday that the crypto industry needs a “light” regulatory framework put in place to both combat risks – including another FTX-like collapse and illicit terrorism financing – and create a “hospitable environment” in which digital assets can thrive. Tillis added that if there is a change of administration following the presidential election in November, the view of how to regulate crypto will be “vastly different.”
“Stablecoins make it easier to convert dollars into crypto and crypto into dollars, so they are an onramp into the crypto world,” Warren said. “If we’re going to create new onramps…then we need a regulatory framework that will put the rules for anti-money laundering into place so that we do not have new opportunities for Iran and terrorists and drug lords and human traffickers to make more money.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Republican Sen Bill Cassidy slams Bernie Sanders' 32-hour workweek proposal as job-killerSen. Bill Cassidy, R-La., said Vermont Sen. Bernie Sanders' proposed 32-hour workweek with no pay loss would squeeze small businesses and kill jobs.
Read more »
Republican Sen. Katie Britt Delivers Response to President Biden's State of the Union AddressRepublican Sen. Katie Britt, the youngest Republican woman ever elected to the U.S. Senate, delivered a response to President Joe Biden's State of the Union address. She stands poised to ascend to greater prominence as Senate Minority Leader Mitch McConnell plans to step down from his position. Sen. Britt spoke as her state faced national scrutiny after a legal decision ruling that embryos were children.
Read more »
Sen. Lisa Murkowski Reiterates Opposition to Trump, but Remains a RepublicanSen. Lisa Murkowski reaffirms her stance against former president Donald Trump while stating her intention to stay within the Republican party. She emphasizes the importance of determining who to caucus with in the Senate and expresses frustration with the Republican Party.
Read more »
Republican Sen. Mike Braun Fined For Incorrectly Disclosing $11 Million In Campaign Loans, FEC SaysI cover breaking news for Forbes. Before Forbes, I worked as a reporter for USA Today in Asheville and Black Mountain, North Carolina. I received my bachelor's degree in journalism from Auburn University and my master's degree in journalism from Northwestern University.
Read more »
Black Gay Republican Says Missouri Republican Heckled Him at MAGA EventVideo shows a Missouri lawmaker near a group that chanted a homophonic slur against Rob Smith.
Read more »