Two US House of Representatives committees held hearings with nearly identical titles
Join Our Telegram channel to stay up to date on breaking news coverage Yesterday, April 27th, The US House of Representatives saw two committee s — Financial Services and Agriculture Committee — hold crypto hearings . The hearings had very similar title s and covered the same ground, coming to similar conclusions. Do the standing securities laws apply to crypto? The Financial Services Committee held a hearing under the title of “The Future of Digital Assets: Identifying the Regulatory Gaps in Digital Asset Market Structure.” The leading speaker was Zachary Zweihorn, the Davis Polk partner. Zweihorn argued that the standing laws for the securities markets do not align with digital asset securities. “We’ve all heard the siren’s call to ‘come in and register.’ It sounds enticingly attractive. But this is an oversimplification that conflates registration, which may theoretically be possible, with compliance, which is not,...