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Representatives of major cryptocurrency firms on Wednesday told US lawmakers that they are open to strengthening regulation of the emerging sector. In the first hearing of its kind before the US House of Representatives Committee on Financial Services, Coinbase Global Inc chief financial officer Alesia Haas called on the US government to develop “a new comprehensive framework that recognizes the unique technological innovations underpinning digital assets.” A single government regulator should oversee cryptocurrency “to ensure holders of digital assets are empowered and protected,” she said. The US has become increasingly interested in regulating cryptocurrencies, as bitcoin and its peers have gained value and

United statesAlesia haasPatrick mchenryJeremy allaireSamuel bankmanCoinbase global incUs commodity futures trading commissionCircle internet financial incUs house of representatives financial services committeeBitfury group ltdTrading ltdRepresentatives committeeFinancial servicesGlobal incRepresentatives financial services committeeFutures trading commission