New legislation may be asked by U.S. regulators for cryptocurrencies

According to the news, U.S. regulators may ask Congress to pass legislation to improve oversight of virtual currencies like bitcoin

The comments by SEC Chairman Jay Clayton before the Senate Banking Committee are the strongest indication yet that federal authorities are mulling new laws to scrutinize virtual currency trading and investing. Clayton told that the agencies were coordinating with the Treasury Department and the Federal Reserve on the matter, but added that lawmakers may have to clarify and enhance regulatory powers.

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