U.S. Rep. Patrick McHenry (R-N.C.), the chairman of the Home Monetary Companies Committee, and Sen. Cynthia Lummis (R-Wyo.), who has authored crypto laws, despatched a letter to a number of banking businesses on Thursday asking how they’re coping with a controversial bulletin from the Securities and Trade Fee that suggested monetary establishments they need to keep prospects’ crypto holdings on their very own stability sheets.
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