US lawmakers and Fed chair push for crypto regulation in wake of Russia sanctions -Breaking
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Federal Reserve Chair Pro Tempore Jerome Powell along with some Members of the United States House of Representatives demanded that Congress take action regarding crypto as a response to concerns about Russia evading any sanctions.
In a Wednesday hearing of the House Financial Services Committee on “Monetary Policy and the State of the Economy,” California Representative Juan Vargas Frequently Asked QuestionsPowell suggests that cryptocurrency might be an option for Russia seeking financial transactions after the United States and European Union. Stopping the SWIFT from reaching the countryNetwork for payments. Fed chair stated that Russia’s current situation underscores the need to have Congress take real action regarding digital finance (including cryptocurrencies).
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