US lawmaker urges congressional action on crypto as government avoids shutdown By Cointelegraph

Pennsylvania Senator Pat Toomey, one of many rating members of the Senate Banking Committee, has urged Congress step in with laws ought to the Securities and Exchange Commission (SEC) be unable to offer enough steering on cryptocurrencies.

In a Friday announcement from the Senate Banking Committee, Toomey mentioned he was dissatisfied with the solutions SEC chair Gary Gensler had offered on the variations between securities and commodities with reference to token initiatives and stablecoins. The senator questioned a few of the SEC’s seeming disparities in enforcement actions between crypto corporations and advisory companies corporations, together with Glass Lewis for related allegations of offering “fraudulent and misleading information.”

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