Bitcoin

The U.S. House Financial Services Committee is planning several important crypto-related hearings in September. These hearings will address decentralized finance (DeFi), the SEC’s role in digital assets, and &#34;pig butchering&#34; scams. These discussions are crucial for the future of cryptocurrency regulation in the United States.As chairman, Rep. Patrick McHenry (R-N.C.) guides the oversight of U.S. securities and various financial products. With his retirement approaching at the end of this year, McHenry is focused on establishing clear federal regulations for the crypto industry. These hearings are a crucial component of his final efforts.The first hearing is set for September 10, which will focus on DeFi, a sector under intense regulatory scrutiny. The hearing will be a subcommittee examination. It will explore proposed rules by agencies like the <a href="https://cryptotale.org/abra-settles-with-sec-over-unregistered-crypto-lending/" rel="noopener noreferrer nofollow">SEC</a> and the IRS. These rules could greatly impact DeFi projects, possibly threatening their survival.&lt;related <a href="https://cryptotale.org/abra-settles-with-sec-over-unregistered-crypto-lending/" rel="noopener noreferrer nofollow">https://cryptotale.org/abra-settles-with-sec-over-unregistered-crypto-lending/</a>September 18 will be a busy day with two hearings planned. The morning session will examine the SEC’s enforcement practices, especially concerning digital assets. In the afternoon, another hearing will focus on &#34;pig butchering&#34; scams. These scams are growing more prevalent in crypto, where criminals pose as romantic partners to steal assets.<a href="https://cryptotale.org/u-s-house-committee-to-examine-crypto-issues-in-september/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

U.S. House Committee to Examine Crypto Issues in September

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