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Crypto NewsNewsThe Date for the Cryptocurrency Voting of the US House of
Representatives...
News


THE DATE FOR THE CRYPTOCURRENCY VOTING OF THE US HOUSE OF REPRESENTATIVES HAS
BEGUN!




When will the vote on the cryptocurrency bill submitted by Republican lawmakers
in the US House of Representatives take place?

Author: Mete Demiralp
13.06.2023 - 20:26
Update: 13.06.2023 - 20:26
Follow
0


One of the key Republican lawmakers in the House of Representatives said on
Tuesday that he plans to hold a committee vote on a comprehensive bill to create
a regulatory framework for cryptocurrency products in the coming weeks.


CRYPTO BILL TO BE CONSIDERED AFTER 4TH JULY HOLIDAY IN THE US

Patrick McHenry, Chairman of the House Financial Services Committee, said he
expects to introduce a bill for the panel's consideration after lawmakers return
to work on July 11.



"I plan for the committee to consider some form of this legislation when we
return from the July 4th holiday," McHenry said at a hearing on Tuesday.



McHenry is leading the efforts of some Republicans in Congress to pass a bill
that sets clear rules for the crypto industry. A draft discussion put forward by
McHenry and others earlier this month will clarify the responsibilities for
regulatory oversight of crypto products and provide a way for crypto companies
and exchanges to register with these bodies.

However, the prospects for the draft regulation remain unclear. Democrats on the
panel say they are considering the bill but have concerns. Representative Maxine
Waters, the top Democrat on the committee, said on Tuesday that she is concerned
that allowing crypto exchanges to take temporary registration could enable
malicious people.



Also in the Senate, which must pass any crypto legislation, key lawmakers such
as Senators Sherrod Brown and Elizabeth Warren have expressed even more
skepticism about Bitcoin and crypto products.

*Not investment advice.


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