What measures are being taken by Congress to address the concerns raised by the filing against Silvergate in the cryptocurrency sector?

3 answers

• May 06, 2022 · 3 years ago
  Congress is actively working to address the concerns raised by the filing against Silvergate in the cryptocurrency sector. They are conducting hearings and investigations to gather information and understand the implications of the case. Additionally, they are considering potential regulatory measures to ensure the stability and security of the cryptocurrency sector. The goal is to protect investors and prevent fraudulent activities while fostering innovation and growth in the industry.
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• May 06, 2022 · 3 years ago
  Well, Congress is finally waking up to the challenges in the cryptocurrency sector. They are holding hearings and grilling industry experts to understand the implications of the Silvergate case. It's about time they take action to protect investors and crack down on fraudulent activities. Let's hope they come up with effective regulations that don't stifle innovation and growth.
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• May 06, 2022 · 3 years ago
  As a leading digital currency exchange, BYDFi welcomes the efforts of Congress to address the concerns raised by the filing against Silvergate. It is crucial for the industry to have clear regulations that protect investors and ensure the integrity of the market. We believe that a balanced approach is needed to foster innovation while mitigating risks. BYDFi is committed to complying with any regulatory measures put in place to safeguard the interests of our users and the overall stability of the cryptocurrency sector.
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