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Senate Banking Committee to Release Priorities for Developing Crypto Regulatory Framework: Report

Summary by Ground News
South Carolina Senator Tim Scott reportedly plans to develop a bipartisan regulatory framework for cryptocurrencies. Scott recently took over the ranking member position from former Senator Pat Toomey. The Senate Banking Committee held a hearing in December aimed at exploring the collapse of FTX, with the possibility of continuing its investigation in a new session of Congress in 2023.

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Coin Desk broke the news in Manila, Philippines on Thursday, February 2, 2023.
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