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Crypto’s Boom Demands Response From Congress, Key Lawmaker Says

Nov. 17, 2021, 5:56 PM

Congress must pass legislation to regulate cryptocurrencies before their rapid growth and popularity pose dangers to investors and the financial system, the chairman of the Joint Economic Committee said.

Representative Don Beyer, who is holding a hearing Wednesday on “demystifying crypto,” acknowledged that most lawmakers have a steep learning curve when it comes to digital assets but said it’s vital they provide guidelines for regulators. Beyer added that he’d be “thrilled” if a bill could be passed sometime next year.

“We are trying to get ahead of this,” Beyer said in an interview.

Read more: How Bitcoin Is Edging ...