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BTCC / BTCC Square / Global Cryptocurrency /
Senate Banking Committee Reveals Deep Partisan Divide on Crypto Regulation

Senate Banking Committee Reveals Deep Partisan Divide on Crypto Regulation

Author:
Global Cryptocurrency
Published:
2025-07-10 04:19:02
7
1
BTCCSquare news:

The Senate Banking Committee's heated hearing on cryptocurrency regulation laid bare stark partisan divisions. Republicans championed a 'light-touch' approach, with Senator Tim Scott emphasizing the need for clear guardrails that protect investors while fostering innovation. Democrats, however, warned of loopholes and insufficient protections in current proposals.

The debate centered on defining which digital assets qualify as securities versus commodities—a longstanding point of regulatory confusion. Illicit finance risks were acknowledged, but Republicans cautioned against stifling innovation with overreach. Senator Raphael Warnock led Democratic criticisms, highlighting unresolved conflicts of interest among policymakers.

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