Top executives from six major cryptocurrency companies including Coinbase and Circle on Wednesday urged the United States Congress to provide clearer rules for the booming $3 trillion industry, but warned that overly tough restrictions would push it overseas.The House of Representatives Committee on Financial Services hearing marked the first time the industry’s senior leaders have explained their businesses to US lawmakers amid growing concerns that cryptocurrencies may pose systemic risks and hurt investors.Crypto executives repeated calls for careful, bespoke rules rather than forcing the industry to comply with existing regulations.
Load More
Load More