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Obtained a Response from Senator Feinstein ie Regulating Crypto : ethereum

Thanks for sharing your views about cryptocurrency. I admire listening to from you and welcome the chance to reply.

Cryptocurrencies pose novel challenges for Congress and U.S. federal businesses, partly as a result of the present U.S. monetary regulatory system was not designed with cryptocurrencies in thoughts. Whereas conventional currencies, such because the U.S. greenback, are overseen by central banks and regulatory businesses with authorized obligations to work for the general public curiosity, cryptocurrencies by design lack centralized oversight. Traditionally, gaps in oversight and regulation of the monetary system have contributed to monetary instability, client safety issues, and elevated legal exercise.

Given these considerations, I consider that the federal authorities has a duty to control and oversee cryptocurrencies. On the identical time, I acknowledge that Congress and regulators ought to rigorously contemplate how they oversee these new monetary applied sciences, in order to permit for continued innovation and development.

Please know that I admire listening to your ideas relating to cryptocurrency and can hold them in thoughts because the Senate considers related laws.

As soon as once more, thanks for writing. Ought to you’ve another questions or feedback, please name my Washington, D.C., workplace at (202) 224-3841 or go to my web site at feinstein.senate.gov. You can too comply with me on-line at YouTube, Fb, and Twitter, and you may join my e-mail publication at feinstein.senate.gov/publication. Finest regards.

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