US legislators debate the role of cryptocurrency in the banking industry

According to Odaily's report, US representative Ann Wagner criticized the Biden administration during a congressional hearing, focusing on the 'de-monetization' of cryptocurrency. Wagner accused the previous administration of attempting to isolate the cryptocurrency industry from the economy. She emphasized that regulatory agencies should not choose winners and losers based on the political preferences of the current president. Wagner believes that individuals engaged in legitimate business activities should have the right to access banking services, and banks should be free to decide their clients without being influenced by regulatory pressure to comply with hostile government agendas.
The hearing of the Senate Banking Committee in the United States was held on Wednesday, also witnessing the cryptocurrency critic Elizabeth Warren talking about the issue of unbanked. Warren stated that the cryptocurrency industry should not be excluded from the banking system, emphasizing the necessity of equal access to financial services. #BTC #ETH #XRP# What AI concept coins do you hold? #