TechFlow news — Tonight at 11 p.m., executives from six major U.S. cryptocurrency firms (Circle, FTX, Bitfury, Paxos, Stellar Development Foundation, and Coinbase) will testify at a hearing hosted by the House Committee on Financial Services to discuss digital assets and the future of finance.
In prepared testimonies, these executives have expressed support for clearer regulations, while also warning that excessive restrictions could push the industry beyond U.S. jurisdiction. Yesterday, Coinbase CFO Alesia Haas issued a statement cautioning that without tailored legislation developed through public consultation and open debate, the U.S. faces overly burdensome and chilling legal risks. Such an environment would drive crypto activity underground or toward offshore exchanges with little to no compliance frameworks.
