Pat Toomey, the most senior Republican on the U.S. Senate Banking Committee, has requested legislative proposals to support cryptocurrency innovation, blockchain and protect crypto investors. At the same time, Democrat Congressman Darren Soto has introduced two bipartisan bills on similar topics.
“Rather than trying to ignore or suppress cryptocurrency and related technologies, regulators and legislators alike need to recognize that open, public networks are here to stay. Our laws and regulations must adapt to these developments,” said Senator Toomey.
“Not only might cryptocurrency and blockchain technologies be as revolutionary as the internet, they also have the potential to build wealth and financial independence for individuals who are empowered to engage in financial transactions directly with each other, free from oft-costly middlemen.”
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