• BTC Dominance: %
XBT.Market
Advertisement
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us
No Result
View All Result
XBT.Market
No Result
View All Result
Home Bitcoin

Tech trade group calls for regulatory clarity, claiming crypto job losses threaten US interests

Jon Hartney by Jon Hartney
July 20, 2022
in Bitcoin, Blockchain, Business, Market
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

“It’s time to move the crypto policy debate from “we need regulation” to ‘what are the impacts of specific regulatory proposals?’” said Chamber of Progress.

The tech trade group Chamber of Progress called on members of the United States Senate and House of Representatives for regulatory clarity in the crypto space in an effort to prevent firms from leaving the country.

In a Wednesday letter addressed to eight committee chairs in the House and Senate, Chamber of Progress financial policy director Janay Eyo urged Congress to consider moving forward on “substantive legislation to ensure the future of our nation’s crypto industry,” citing concerns about jobs and the country’s position as a leader in global finance. According to the trade group, government leaders including those from the Securities and Exchange Commission, Commodity Futures Trading Commission, Federal Reserve and Biden administration have called for Congress to lead in establishing a regulatory framework for digital assets.

Related articles

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

“Without congressional action, a lack of clear rules and regulations has contributed to the current instability in crypto markets,” said Chamber of Progress. “Some of the companies that have failed took advantage of a lack of clear regulations in the market. Industry leaders have warned that smaller exchanges offering generous margin loans are quietly becoming insolvent.”

The group added:

“It is imperative that Congress act to ensure investor protection by providing rules of the road, which would, in turn, help weed out bad actors in the industry.”

For the crypto industry, the combination of an unclear regulatory environment and a market downturn have resulted in layoffs, bankruptcies, and even the possibility of moving overseas. To save U.S. jobs, Congress needs to act.

Read our full letter here: https://t.co/FUaS28KJNf pic.twitter.com/tXzJMwZrpy

— Chamber of Progress (@ProgressChamber) July 20, 2022

According to Chamber of Progress, the lack of regulatory clarity in the United State could cause companies “to seek greener pastures overseas,” potentially threatening the country’s interests by forcing many high-paying, remote-friendly jobs that largely survived the pandemic abroad. Crypto firms like Ripple have considered moving their headquarters outside of the United States, and others have expanded offerings to regions including the Middle East.

“The increase of countries developing crypto regulatory policy should motivate the U.S. to act quickly to review relevant legislative proposals introduced this Congress,” said the group. “It’s time to move the crypto policy debate from “we need regulation” to ‘what are the impacts of specific regulatory proposals?’”

Related: US Commerce Dept. asks digital asset industry for input on competitiveness framework

In contrast to the United States, the European Union passed legislation aimed at harmonizing regulations for cryptocurrencies among EU member states, called the Markets in Crypto-Assets Framework, or MiCA. On Wednesday, the government of the United Kingdom also introduced its financial services and markets bill that included regulations on stablecoins.

Read Entire Article
Tags: CointelegraphCryptocurrencyInvestmentMining Bitcoin
Share76Tweet47

Related Posts

Bitcoin derivatives data shows room for BTC price to move higher this week

by Jon Hartney
January 23, 2023
0

BTC options data suggest that the Bitcoin price rally still has legs, even with wider economic concerns growing and the

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

by Jon Hartney
January 22, 2023
0

BTC could take a break from its sharp rally and if BTC price bounces off underlying support, APE, MANA, AAVE...

Genesis bankruptcy case scheduled for first hearing

by Jon Hartney
January 22, 2023
0

The first hearing in Genesis Capital's bankruptcy case will be held on January 23, according to court filings

Terra lending protocol Mars to launch mainnet

by Jon Hartney
January 22, 2023
0

The Mars Hub will launch an independent Cosmos application chain and issue MARS to users who hold the token during...

Central African Republic eyes legal framework for crypto adoption

by Jon Hartney
January 22, 2023
0

A 15-member committee is tasked with working on a legal framework that will allow cryptocurrencies to operate in

Load More
  • Trending
  • Comments
  • Latest

Ethereum Classic gets ‘endorsement’ from Vitalik Buterin, but ETC price still risks 50% crash

July 27, 2022

Critique on Helium’s $6.5K monthly revenue causes a stir

July 28, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

July 7, 2022

Cardano Vasil hard fork hit with another delay for several weeks

July 29, 2022

All aboard! Elon Musk’s Vegas Loop now taking Dogecoin payments

0

Crypto owners banned from working on US Government crypto policies

0

Korean startup Uprise lost $20M shorting LUNC

0

Ethereum testnet Merge mostly successful — ‘Hiccups will not delay the Merge.’

0

Bitcoin derivatives data shows room for BTC price to move higher this week

January 23, 2023

Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher

January 22, 2023

Genesis bankruptcy case scheduled for first hearing

January 22, 2023

Terra lending protocol Mars to launch mainnet

January 22, 2023

XBT.Market

This website is an automated news feed powered by the Nebulome cloud system. The site is made possible by YYC TECH Consulting and Alberta Digital Mining Company. As a team with major crypto and bitcoin enthusiasm, we have curated major sources of news, trading and financial data to bring you, our viewer, an unbiased source of truth.

Recent Posts

  • Bitcoin derivatives data shows room for BTC price to move higher this week January 23, 2023
  • Bitcoin price consolidation opens the door for APE, MANA, AAVE and FIL to move higher January 22, 2023
  • Genesis bankruptcy case scheduled for first hearing January 22, 2023
  • Terra lending protocol Mars to launch mainnet January 22, 2023
  • Central African Republic eyes legal framework for crypto adoption January 22, 2023

News Categories

  • Bitcoin
  • Blockchain
  • Business
  • Market

Tags

bitcoinMagzine Cointelegraph Cryptocurrency insidebitcoins Investment Mining Bitcoin NewsBTC

Quicklinks

  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market - Powered by YYC Tech Consulting & ADMCO.

No Result
View All Result
  • Home
  • Coins MarketCap
  • Crypto Exchanges
  • Crypto Calculator
  • Top Gainers and Loser
  • News
  • Contact Us

© 2022 Xbt.Market by Nebulome.

  • bitcoinBitcoin(BTC)$22,883.00-1.21%
  • ethereumEthereum(ETH)$1,632.31-0.91%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.15%
  • binancecoinBNB(BNB)$327.670.52%
  • usd-coinUSD Coin(USDC)$1.000.18%
  • rippleXRP(XRP)$0.398091-1.69%
  • Binance USDBinance USD(BUSD)$1.00-0.03%
  • cardanoCardano(ADA)$0.391625-0.37%
  • dogecoinDogecoin(DOGE)$0.092032-0.86%
  • OKBOKB(OKB)$43.941.91%
  • matic-networkPolygon(MATIC)$1.20-0.67%
  • SolanaSolana(SOL)$23.21-2.10%
  • Shiba InuShiba Inu(SHIB)$0.0000150.44%
  • Lido Staked EtherLido Staked Ether(STETH)$1,628.51-0.86%
  • polkadotPolkadot(DOT)$6.690.17%
  • litecoinLitecoin(LTC)$96.41-0.56%
  • AvalancheAvalanche(AVAX)$20.08-1.40%
  • tronTRON(TRX)$0.063429-1.42%
  • UniswapUniswap(UNI)$6.78-3.53%
  • daiDai(DAI)$1.000.22%
  • cosmosCosmos Hub(ATOM)$14.380.38%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$22,821.00-1.21%
  • chainlinkChainlink(LINK)$6.96-0.78%
  • ToncoinToncoin(TON)$2.28-1.27%
  • leo-tokenLEO Token(LEO)$3.42-1.76%
  • ethereum-classicEthereum Classic(ETC)$22.66-1.54%
  • moneroMonero(XMR)$166.56-1.97%
  • bitcoin-cashBitcoin Cash(BCH)$133.43-0.85%
  • Aerarium FiAerarium Fi(AERA)$7.14-13.09%
  • AptosAptos(APT)$15.01-4.46%
  • stellarStellar(XLM)$0.091019-0.92%
  • ApeCoinApeCoin(APE)$5.740.38%
  • QuantQuant(QNT)$140.720.53%
  • CronosCronos(CRO)$0.080744-1.43%
  • NEAR ProtocolNEAR Protocol(NEAR)$2.37-1.71%
  • filecoinFilecoin(FIL)$5.25-1.14%
  • algorandAlgorand(ALGO)$0.257788-1.40%
  • Lido DAOLido DAO(LDO)$2.143.64%
  • HederaHedera(HBAR)$0.069422-2.01%
  • vechainVeChain(VET)$0.024041-1.40%
  • Internet ComputerInternet Computer(ICP)$5.58-1.90%
  • FantomFantom(FTM)$0.55-5.20%
  • decentralandDecentraland(MANA)$0.72-2.70%
  • The SandboxThe Sandbox(SAND)$0.72-2.77%
  • Axie InfinityAxie Infinity(AXS)$10.90-1.39%
  • AaveAave(AAVE)$86.210.49%
  • The GraphThe Graph(GRT)$0.13152012.98%
  • eosEOS(EOS)$1.08-1.28%
  • FlowFlow(FLOW)$1.11-0.11%
  • MultiversXMultiversX(EGLD)$44.99-0.85%
  • Terra Luna ClassicTerra Luna Classic(LUNC)$0.0001872.19%
  • theta-tokenTheta Network(THETA)$1.09-1.91%
  • tezosTezos(XTZ)$1.16-2.89%
  • FraxFrax(FRAX)$1.000.24%
  • true-usdTrueUSD(TUSD)$1.000.30%
  • paxos-standardPax Dollar(USDP)$1.000.06%
  • huobi-tokenHuobi(HT)$5.56-0.28%
  • bitcoin-cash-svBitcoin SV(BSV)$43.80-2.55%
  • kucoin-sharesKuCoin(KCS)$8.63-1.10%
  • havvenSynthetix Network(SNX)$2.60-1.73%
  • Frax ShareFrax Share(FXS)$11.048.69%
  • Curve DAOCurve DAO(CRV)$1.061.33%
  • Rocket PoolRocket Pool(RPL)$39.611.67%
  • ChilizChiliz(CHZ)$0.140050-1.36%
  • PancakeSwapPancakeSwap(CAKE)$4.490.93%
  • USDDUSDD(USDD)$0.990.26%
  • ImmutableXImmutableX(IMX)$0.902.95%
  • eCasheCash(XEC)$0.000037-1.42%
  • BitTorrentBitTorrent(BTT)$0.000001-1.31%
  • dashDash(DASH)$62.685.05%
  • iotaIOTA(MIOTA)$0.2454960.33%
  • BitDAOBitDAO(BIT)$0.571.37%
  • Trust WalletTrust Wallet(TWT)$1.59-2.13%
  • Mina ProtocolMina Protocol(MINA)$0.78-2.80%
  • KlaytnKlaytn(KLAY)$0.205030-1.62%
  • OptimismOptimism(OP)$2.911.39%
  • makerMaker(MKR)$695.270.19%
  • GateGate(GT)$4.29-2.25%
  • neoNEO(NEO)$8.70-1.91%
  • cUSDCcUSDC(CUSDC)$0.0227450.05%
  • ArweaveArweave(AR)$11.46-0.16%
  • gemini-dollarGemini Dollar(GUSD)$1.00-0.04%
  • GMXGMX(GMX)$67.051.25%
  • OKCOKC(OKT)$31.71-0.19%
  • zcashZcash(ZEC)$43.97-1.79%
  • RenderRender(RNDR)$1.897.55%
  • cDAIcDAI(CDAI)$0.0221631.28%
  • THORChainTHORChain(RUNE)$1.810.32%
  • RadixRadix(XRD)$0.053995-7.33%
  • Tokenize XchangeTokenize Xchange(TKX)$6.67-1.31%
  • OsmosisOsmosis(OSMO)$1.01-0.19%
  • singularitynetSingularityNET(AGIX)$0.4412910.00%
  • WhiteBIT TokenWhiteBIT Token(WBT)$4.10-0.39%
  • PAX GoldPAX Gold(PAXG)$1,871.000.68%
  • enjincoinEnjin Coin(ENJ)$0.4857293.92%
  • Baby Doge CoinBaby Doge Coin(BABYDOGE)$0.0000006.68%
  • Convex FinanceConvex Finance(CVX)$6.27-1.19%
  • loopringLoopring(LRC)$0.371844-2.81%
  • zilliqaZilliqa(ZIL)$0.028632-0.84%