Next US House Financial Services Chair: "Will Establish Crypto Regulatory Framework Within 100 Days"
Summary
- The next US House Financial Services Chair, French Hill, announced plans to establish a crypto regulatory framework within 100 days.
- He conveyed the intention to bridge gaps in the financial regulatory framework to promote innovation.
- Hill's agenda includes simplifying market oversight, easing banking restrictions, and providing incentives for IPOs.
According to CryptoSlate, a cryptocurrency-focused media outlet, the next US House Financial Services Chair, French Hill, stated that establishing a regulatory framework for cryptocurrencies will be our top priority within the next 100 days.
In an interview with CNBC, he emphasized the need to end regulatory confusion that hinders the growth of cryptocurrencies, stating, "The priority is to bridge the gaps in the US financial regulatory framework while shifting towards promoting innovation."
Furthermore, he added, "We need a market structure for cryptocurrencies," highlighting that this is our foremost task. His agenda includes simplifying market oversight, easing banking restrictions, and providing incentives for companies to pursue IPOs.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
