US Representative Requests Congressional Hearings to Supervise Crypto Exchanges

Representative Maxine Waters announced her intention to conduct more thorough examinations of cryptocurrency companies by forming small teams to scrutinize their activities in greater detail.

U.S. Representative Maxine Waters announced her intention to form small teams to conduct in-depth examinations of companies operating in the digital asset and cryptocurrency sector during her speech at the House Financial Services Committee panel.

Representative Wants to Learn What’s Happening in Exchanges

Waters also emphasized the need for cryptocurrency companies to come before Congress, provide more transparency about their activities, and inform Congress members about their operations, stating, “I want to try to create and organize small groups in Congress to ask more questions and get more involved in what is actually happening in some of these companies.”

“The activities of crypto companies need to be better understood by members of Congress.”
Maxine Waters
It is Emphasized that These Sessions Must Definitely Be Organized!

Finally, Representative Waters highlighted the importance of the role cryptocurrencies will play globally and especially in the United States, stating that these sessions must be organized to closely examine the impact of crypto assets on the financial system.

Source: The Block

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