WASHINGTON—U.S. Senator John Boozman (R-AR), rating member of the U.S. Senate Committee on Agriculture, Diet, and Forestry, launched the next assertion on the standing of proposed cryptocurrency laws.
“As rating member of the Senate Agriculture Committee, I’ve constantly mentioned I consider the Commodity Futures Buying and selling Fee performs an essential function defending customers within the crypto market and I’ve labored in good religion with Chairwoman Stabenow to provide the company the instruments it wants to satisfy that accountability.
The Chairwoman’s efforts to deal with our issues to legislative textual content she drafted are appreciated. Excellent issues stay, but it surely has moved in the precise route.
Nevertheless, committee members, trade stakeholders and customers all deserve a extra methodical course of than this rushed strategy. I don’t consider an arbitrary deadline is the way in which to attain the correct final result.
Digital commodities and the regulatory points they elevate are complicated. Standing up a market regulatory regime for the primary time ever requires due diligence and outreach vital to think about all unintended penalties and warrants a course of that offers members enough time to deliberate the laws they’re being requested to approve.
We’ve time to get this proper. I stay dedicated to a invoice that we are able to all proudly help. One which protects customers within the digital commodities house, fosters innovation and offers the regulatory certainty companies want to keep up their operations in the US.”