Best Crypto to Buy Now 21 June – Bitcoin Cash, Pepe Coin, XRP
In the semi-annual policy review conducted by the House of Representatives Financial Services Committee on June 21, the discussion took a turn towards the regulatory landscape of payment stablecoins.
At the meeting U.S. Federal Reserve Chair Jerome Powell spoke in response to committee member Maxine Waters' queries regarding a groundbreaking proposed stablecoin law, the first of its kind in the United States.
With the cryptocurrency market's optimistic outlook after the meeting, what are the best cryptos to buy now?
Waters expressed concerns about the bill, particularly the fact that it would introduce 58 new licenses, with only two being regulated at the federal level while the rest would be managed at state, territorial, and jurisdictional levels.
Powell shared her concerns about the potential risks of such a fragmented system.
Powell's stance contrasts with that of Gary Gensler, the chair of the Securities and Exchange Commission, who suggested that stablecoins may need to be classified and regulated as securities, with the exception of Bitcoin.
At the other end of the spectrum, Rostin Behnam, the chair of the Commodity Futures Trading Commission, believes that stablecoins could be considered a commodity.
Former CFTC chair Chris Giancarlo also weighed in on the proposed bill, warning about the potential for government intervention in stablecoin services and noting the vulnerability of stablecoin transactions to political influence.
Amid this backdrop, investors are actively searching for promising digital assets like WSM, BCH, ECOTERRA, PEPE, DLANCE, XRP, and SWDTKN, buoyed by their strong fundamentals and positive technical signals in a hopeful cryptocurrency market.
The investorsphere is buzzing with anticipation as Wall
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