• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
crypto regulation

Crypto Regulation Overhaul Plans Gaining Traction At Republican House

Christian Encila
by Christian Encila
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Crypto regulation could see a major overhaul as House Republicans take steps to revamp the oversight of the emerging class asset. 

According to Rep. French Hill, who leads the Digital Assets, Financial Technology, and Inclusion Subcommittee, the House Financial Services Committee has drafted a series of smaller bills in recent months, but the committee intends to tackle broader issues in the coming months.

Related Reading: Shiba Inu Ablaze With 30,000% Burn Rate – Will This Fire Up SHIB Price?

On Crypto Regulation & Crackdowns

On Thursday, Paul Grewal, the chief legal officer of Coinbase, testified at a hearing. In his prepared remarks, he urged the establishment of  a crypto regulation that would both support the sector and safeguard consumers.

Grewal said:

“We need policymakers to work together to develop a comprehensive framework that provides pathways for customers to access both digital asset commodities and digital asset securities in the U.S.”

There is little information on what the committee plans to propose, but it comes as federal banking and markets officials step up their enforcement of traditional financial standards in the crypto industry.

The companies dealing with digital assets are pressing Congress to create a unique set of regulations for cryptocurrencies, similar to what has been done in various regions such as the European Union.

Image: Forbes

Dire Need For Crypto Oversight

In spite of Republican calls for crypto regulation, several proposals in the committee are pro-industry, suggesting that Grewal’s recommendations are being taken to heart.

The need for government and regulatory oversight of cryptocurrency stems from several concerns related to the digital currency’s decentralized and often anonymous nature.

Without oversight, experts worry that cryptocurrencies could be used for illicit activities, such as money laundering, terrorism financing, and tax evasion.

Additionally, cryptocurrency markets have been known to experience extreme volatility, with prices fluctuating wildly in short periods. This volatility creates risks for investors and could lead to broader economic instability if left unchecked.

Moreover, as cryptocurrencies gain wider acceptance, concerns have emerged about the potential impact on traditional financial systems and monetary policies. Regulators also worry about protecting consumers from fraudulent activities and ensuring the stability of the financial system.

Crypto total market cap currently at $887 billion on the daily chart | Chart: TradingView.com
Related Reading: SBF Lawyers Say October Trial May Be Postponed As They Need More Evidence

Proponents of crypto regulation argue that reasonable regulations can help prevent illicit activities, safeguard consumers, and support the long-term growth and stability of the cryptocurrency market.

Some of the measures aim to show congressional support for blockchain technology and digital assets, while others would exempt blockchain developers from certain reporting and licensing requirements or reduce the amount of tax information that crypto businesses would have to provide.

Likewise, Federal Reserve Chair Jerome Powell said this week that House should weigh in during his testimony on Capitol Hill.

-Featured image from Canva

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Tron

Tron Drops To Critical Level In Buy/Sell Pressure Delta – Here’s What It Means

2 hours ago
New Report Finds Digital Wallet Boom as Investors Watch Best Wallet Token

Growing Digital Wallet Adoption Amongst Younger Generation Bodes Well For Best Wallet Token

5 hours ago
Bitcoin Hyper Presale Explodes Past $13M as One of 2025's Best Presales

Bitcoin Hyper Presale Explodes Past $13M as One of 2025’s Best Presales

5 hours ago
Best Altcoins to Buy After Sudden Whale Shift from Bitcoin to Ethereum

Best Altcoins to Buy After Sudden Whale Shift from Bitcoin to Ethereum

6 hours ago
Best Crypto to Buy Now According to Grok – How AI Tools Deliver Better Returns

Best Crypto to Buy Now According to Grok – How AI Tools Deliver Better Returns

6 hours ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 1)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 1)

3 hours ago

Premium Sponsors

Press Releases

  • XRP retreats under pressure, while DOT Miners generates...

    2 hours ago
  • Rich Miner Launches New Cloud Mining Strategy: Secure 1,000...

    3 hours ago
  • XRP's

    Amidst XRP’s volatile price, holders are flocking to...

    4 hours ago
  • BAY Miner Launches Mobile App, Unlocking Daily Income...

    4 hours ago
  • BTC & XRP ETFs Fuel Market Buzz as Cloud Mining Surges...

    5 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.