A House Financial Services subcommittee debated whether SEC Chair Gensler’s preference for regulation-by-enforcement over crafting transparent, pro-active rulemakings tailored for digital asset firms is the right approach. Rep. Zach Nunn introduced a bill to combat pig-butchering and financial fraud by clarifying that the federal government may help state and local law enforcement use blockchain tracing tools. House Majority Whip Tom Emmer (R-MN) and HFSC Chairman Patrick McHenry (R-NC) are asking the SEC to clarify the SEC’s position on digital asset distributions via airdrops. And on the Presidential campaign trail, Former President Trump used bitcoin to purchase cheeseburgers at the Bitcoin-themed PubKey bar in NYC.
Advanced Project Recaps & AI Digests
