McHenry Crypto Bill Would 'Weaken Consumer and Investor Protections', Say Lobbyists

A letter signed by 21 organizations, including the American Economic Liberties Project and the Center for American Progress, opposes the current draft of the crypto bill being deliberated by the U.S. House Financial Services Committee. The letter criticizes the bill for potentially weakening investor protection and points out eight crucial problems with it. The bill has divided the committee, with some members supporting it and others, including Rep. Maxine Waters and Rep. Brad Sherman, opposing it.