👩‍💼 Congress members ask SEC chairman for clarity on cryptocurrency regulation

More than a dozen members of the House of Representatives sent a letter to Securities and Exchange Chairman Jay Clayton Friday urging his agency to tell investors how it plans to regulate cryptocurrency. Clayton has made it clear that he does not intend to update those standards for crypto. As an independent agency, the SEC can give clarity on existing laws but cannot change them without an act of Congress. This letter leaves the door open to potential changes in existing laws.

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