Regulators Can’t Ignore Bitcoin Anymore, Says Congressman Kevin McCarthy

Regulators Can’t Ignore Bitcoin Anymore, Says Congressman Kevin McCarthy
фото показано с : zycrypto.com

2021-4-15 20:42

As the cryptocurrency industry continues to grow, so too does the mainstream attention towards it. Bitcoin in particular has been praised by many whilst simultaneously drawing the ire of others.

It should come as no surprise that governmental and regulatory bodies all over the world would want to get involved in controlling cryptocurrencies such as Bitcoin. To this end, the Republican leader of the United States House of Representatives had stated that Bitcoin can no longer be ignored and that regulators must take action.

The Crypto Industry Has Evolved 

During an interview with CNBC, Congressman Kevin McCarthy stated that the cryptocurrency community can only expand going forward. This is certainly true as apart from Bitcoin, other altcoins such as Ethereum (ETH) and Binance Coin (BNB) have been growing at breakneck paces.

Federal Reserve Chair Jerome Powell and Treasury Secretary Janet Yellen have been conservative in their commitment to cryptocurrency. When asked about their stance, McCarthy said that authorities had recently sought to disregard cryptocurrency in order to make it disappear, mirroring the ‘if I can’t see it, then it does not exist mindset’. The ecology has nevertheless since evolved to the point that they may need to take a closer look now and change their perspective on the cryptocurrency industry entirely. 

Furthermore, McCarthy also spoke out on cryptocurrency concerns, urging the government to investigate how blockchain might enhance government functionality. In related news, he also informed CNBC in 2019 that he liked Bitcoin’s decentralized nature, but that it wasn’t quite where it wanted to be in terms of fighting against illegal financing such as money laundering.

Regulatory Bodies Under Pressure As Crypto Market Booms

As of publication, not only has Bitcoin managed to reach a new all-time high but as we already mentioned so too have Ether and Binance Coin. BNB in particular has experienced monstrous growth as of late, with the altcoin being worth only about $50 a couple of months ago, and expanding by over 1,000% by mid-April to trade at over $600.

Time will only tell what further regulations the United States government will introduce and subsequently implement in the near future, and all we can do for now is wait and see what comes next.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 68973.59 (+0.01%)
Объем 24H $29.151b
Изменеия 24h: 0.17 %, 7d: 1.83 %
Cегодня L: $68761.13 - H: $69284.62
Капитализация $1359.3b Rank 1
Цена в час новости $ 63435.44 (8.73%)

bitcoin governmental surprise ire drawing others come

Источник: zycrypto.com

bitcoin governmental → Результатов: 39


The 18,000,000 BTC Has Been Mined With Less Than 15% Remaining; Will You Grab Your Share?

Bitcoin has reached a major milestone, the 18 millionth BTC has been mined and we are all the more closer to its hard cap of 21 million coins. The 600,000 block on the bitcoin network was just mined! Block after block containing fully uncensored and immutable transactions outside the reach of governmental control. A milestone […]

2019-10-19 16:58


With Facebook’s Libra Congress Hearings Imminent, Will Bitcoin Price Plummet or Foray Higher?

Facebook’s Libra has been knee-deep in criticism ever since it was unveiled. Another hurdle that Facebook is currently facing is testifying during US governmental hearings. David Marcus, the head of the Calibra wallet, will be testifying before the Senate Banking Committee and the House Financial Services Committee on Tuesday 16th and Wednesday 17th respectively.

2019-7-16 10:24


Фото:

New Indian Governmental Committee Wants Cryptocurrencies to Be Legalized

The Indian cryptocurrency scene is murky as crypto entities are facing a banking ban and the government has explicitly asked investors to stay away from Bitcoin and other cryptocurrencies. However, the second interdisciplinary committee is now saying that cryptocurrency could be legalized in India with several terms and conditions, as reported by The New Indian Express.

2018-12-27 16:04


Фото:

Op Ed: From Gray To Black and White: Traditional Regulations Come to Crypto

For nearly a decade, participants in the blockchain and cryptocurrency space have operated in a regulatory compliance gray zone. Recent developments — at both the federal and international levels — signal that the time for plausible deniability or unregulated freedom is coming to an end and more traditional regulations are moving to the forefront.

2018-12-3 19:20


Фото:

CFTC Chairman Believes Bitcoin Is ‘Here To Stay’

Although crypto regulation has been discussed widely for years now, it is still of the biggest issues in the industry to date and has multiple unsolved problems. There isn’t a final decision on how these types of assets should be managed and controlled due to members of such influential governmental bodies such as the SEC (Securities and Exchange Commission) and the CFTC (Commodities Futures Trading Commission) haven’t been able to reach a single opinion on the matter.

2018-10-3 17:30


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Price Gains Momentum: Bullish Surge Ahead?

Bitcoin price found support at $67,000 and started a fresh increase. BTC climbed above $69,500 and might continue to rise in the near term. Bitcoin started a decent increase above the $68,500 and $69,500 resistance levels.