The regulation in the crypto space is a widely debated subject. Congress is getting ready for an important event in this direction. Below, you can find out more about this.
Congress gets ready for an important event
It’s been revealed by the online publication The Block that the House of Representatives is preparing to hear testimony on digital asset regulation later this month.
The same online publication mentioned above notes that three sources with knowledge of the matter say that the House Agriculture Committee’s subcommittee on commodity exchanges, energy, and credit is preparing a hearing entitled “Future of Digital Assets Regulation” for June 23.
The subcommittee had not yet established a witness list.
“The hearing takes place as the House and Senate Agriculture Committees, which oversee the Commodity Futures Trading Commission, are both considering legislation to place more authority over cryptocurrency markets with the CFTC rather than the Securities and Exchange Commission.”
We suggest that you check out the complete notes in the original article in order to learn more details about the subject.
As we already said, regulation is an important subject in the crypto space because it’s strongly related to mass crypto adoption.
Current state of the crypto market
It’s been just revealed that Bitcoin might have just hit its bottom regarding price. Check out the latest reports about the price of the king coin and find out the latest predictions about the most important digital asset.
According to the latest reports, there is a popular crypto analyst who says that Bitcoin (BTC) may need to move further below an important moving average (MA) before hitting its cycle bottom.
Pseudonymous trader Rekt Capital just said that Bitcoin crossed its 200-week moving average for the first time since March 2020.
Regarding the price of Bitcoin today, at the moment of writing this article, BTC is trading in the red and the king coin is priced at $20,948.