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US Lawmaker Urges SEC to 'Take Decisive Action' to Regulate Crypto Industry — Plans to Examine Options for Federal Legislation – Regulation Bitcoin News

Summary by Ground News
Congressman Brad Sherman (D-CA) released a statement regarding the implosion of FTX on Sunday. Sherman called on the Securities and Exchange Commission (SEC) to put an end to the regulatory gray area in which the crypto industry has operated. He added that he plans to work with his colleagues in Congress in the coming weeks to examine options for federal legislation.
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Bitcoin.com broke the news in on Wednesday, November 16, 2022.
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