WASHINGTON, Dec 9 — Representatives of major cryptocurrency firms told US lawmakers on Wednesday that they are open to strengthening regulation of the emerging sector.
She said a single government regulator should oversee cryptocurrency “to ensure holders of digital assets are empowered and protected.” But the issue has been caught in the country’s partisan divide, with Republicans using the hearing to warn against excessive regulations on the sector. But several executives representing trading platforms and the digital monies themselves noted that they already were subject to US government regulation.
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