Crypto CEOs press lawmakers to clarify regulation

A group of six top executives at high-profile players in the cryptocurrency space told Congress Wednesday that U.S. authorities needed to clarify the rules surrounding the crypto space. Speaking before a House of Representatives committee, the crypto CEOs called on lawmakers to create a transparent regulatory framework that will build investor confidence, while still keeping the door open for further innovation in the sector. Paxos CEO Charles Cascarilla struck a common theme for the group, telling lawmakers that the current patchwork nature of crypto regulation undermined the sector's ability to develop. "The uncertain state of digital asset regulation is hampering the industry’s dynamism," he said in prepared testimony. This idea was repeated by other top crypto executives appearing before the committee. For example, Bitfury CEO Brian Brooks contended that bringing crypto into a mainstream regulatory framework would make it safer and more stable. "A national policy agenda that takes crypto