Congress continues to grapple with ways to provide government oversight for the cryptocurrency industry, which has exploded from $500 billion in 2020 to nearly $3 trillion today, according to CoinMarketCap. House Financial Services Committee chairwoman Maxine Waters (D-California) called out crypto’s lack of accountability, saying its markets have no “centralized regulatory framework, leaving investments in the digital-asset space vulnerable to fraud, manipulation and abuse.” Those testifying on behalf of virtual currency argued it speeds financial transactions, can save money, and makes a new asset class accessible to people around the world. Continue reading Lawmakers Grapple with Crypto Regulation at Finance Hearing