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Congress Weighs Durable Banking and Crypto Rules

Original: Banks and Crypto: Congress Weighs Durable Rules Over Shifting Regs

US lawmakers are discussing legislation that would establish durable regulatory rules for banks and the cryptocurrency industry, replacing shifting regulatory guidance with more permanent statutory frameworks. The debate covers how much oversight banks should have over digital assets and how crypto firms should be integrated into the traditional financial system. Details of specific bills and their prospects remain unclear.

Why now: Ongoing US legislative efforts to set permanent crypto and banking regulations are drawing attention from the financial industry.

US Congressbankscryptocurrency industry

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