US lawmaker calls for info from Treasury and SEC on crypto market structure bill

Ranking Member Maxine Waters has called on Janet Yellen and Gary Gensler, leadership at federal regulatory agencies, to weigh in on a proposed framework for digital assets. In two letters dated June 23, Waters requested information on the possible impact of the “Digital Asset Market Structure” bill that was proposed by Republican lawmakers on June 1. Waters asked Gensler todiscuss how the proposed framework, if enacted, could affect the SEC’s existing authority in protecting crypto investors. She requested similar feedback from Yellen but added that the Treasury secretary should address any potential conflicts with existing protocol from the Financial Stability Oversight Council per U.S. President Joe Biden’s executive order on crypto. Waters gave Yellen and Gensler a deadline of June 30 to respond and added they should both be prepared to address the committee if necessary.

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Robert Wilson
As the overseer of NicheBot's editorial content, I am committed to ensuring that all information published on our website is both accurate and relevant to our readers. My fervent support for the crypto industry has led me to closely monitor the developments within it since 2012, and I have contributed extensively to discussions and debates surrounding the world of Bitcoin.
Robert Wilson
Robert Wilson

As the overseer of NicheBot's editorial content, I am committed to ensuring that all information published on our website is both accurate and relevant to our readers. My fervent support for the crypto industry has led me to closely monitor the developments within it since 2012, and I have contributed extensively to discussions and debates surrounding the world of Bitcoin.

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