Crypto companies are descending on Capitol Hill on Wednesday, but their push to advance industry-friendly laws is likely to be overshadowed by a fight over the federal budget and a Senate crackdown on the use of crypto for money laundering. Dozens of executives from digital asset companies are meeting with lawmakers and their staff on Wednesday as part of a grassroots advocacy campaign organized by Coinbase, the biggest U.S. crypto exchange, and Stand With Crypto, a non-profit it founded. The House Financial Services Committee in July passed two major bills that would help provide clarity over which existing financial rules apply to the industry, and crypto lobbyists hope they can convince lawmakers to advance those through Congress.
Analysis-US Crypto Industry Comes to Washington, but Faces Uphill Struggle usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
As SEC Chairman Gary Gensler prepares to testify before the House Financial Services Committee about regulation of the crypto industry, Coinbase s US Policy Manager Kara Calvert advocates educating.
Crypto companies are descending on
Capitol Hill on Wednesday, but their push to advance
industry-friendly laws is likely to be overshadowed by a fight
over the federal budget and a Senate crackdown on.
Sen. Elizabeth Warren is putting the private equity industry at the center of her case for why SEC Chair Gary Gensler needs to cast a wide net to reel in climate data from public companies.