US lawmaker invokes SEC lawsuits in considering crypto regulatory framework

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US lawmaker invokes SEC lawsuits in considering crypto regulatory framework
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.RepMaxineWaters highlights the potential risks of provisional registration for crypto firms facing SEC lawsuits, raising concerns about potential harm to consumers and investors.

on the regulation of digital assets. Committee chair Patrick McHenry said he expected bipartisan input on a draft bill, with markups following a congressional recess in July.

Waters suggested that without extensive analyses and collaboration between the two political parties, the digital asset legislation could leave the door open for potential fraud and misuse of customer funds.

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