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UK lobbyists slam gov’t report, deny crypto is like gambling

The report says that regulating UK crypto as a financial service rather than gambling may lead consumers to believe it’s safe when it’s not.

Another stablecoin bill dies unceremoniously at hearing

At a House hearing, a draft of a new stablecoin bill was discussed along with the appropriate regulatory framework for stablecoins.

The House Financial Services Committee hosted SEC chairman Gary Gensler to discuss the SEC’s role in cryptocurrency and other markets.

Instead of addressing banking fears and setting up new rules and regulations, senators were simply looking for good soundbites.