While McHenry in an interview this month told Politico he remained hopeful that he and Waters would reach an agreement on the bill, he also said a federal stablecoin regime is "not essential," adding that there are state frameworks already in place. Select the ' Account Management tab on the left, then tap Personal Information Change. The bill was modified to address concerns from some Democrats, including Waters, that stablecoin issuers could evade stricter oversight by opting to be regulated under a state regime. From your Home screen, tap your Profile Icon in the top-left corner. And I think its helpful for us if Congress assist us and giving us that guidance.' WATCH. Connect to a server in a country that accepts Binance. Log in with the credentials you created at registration. We recommend NordVPN for its fast, reliable speeds and security protocols. Describe your request and tap the three arrows on the bottom right to retrieve relevant support center articles. Follow these steps to access Binance from the US: Register for a VPN. Youll initially be connected to our virtual assistant. Tap the Chat (headset icon) on the top of the screen. Lawmakers are also set to consider on Thursday a bill that would have the Federal Reserve write requirements for issuing stablecoins while preserving the authority of state regulators. The CFTC sued Binance, its CEO Changpeng Zhao and its former chief compliance officer last month. Tap the User Profile icon on the top left corner of the app homepage. Most crypto companies dispute the SEC's jurisdiction, and have pushed Congress in recent months to write laws clarifying that cryptocurrencies are more akin to commodities than securities. That effort escalated last month when the SEC sued crypto exchanges Coinbase (COIN.O) and Binance for failing to register some crypto tokens. CLARITY ON TOKENSĬrypto companies started out in a regulatory gray area, but the SEC has steadily asserted its authority over the industry, arguing that most cryptocurrencies are securities and subject to investor protection rules. The measure may also face obstacles in the Democratic-led Senate, where the head of the Senate Banking Committee, Sherrod Brown, has said he is unsure if additional legislation to regulate crypto is necessary. "This bill heeds the calls from the crypto industry while disregarding the views of the administration, the Securities and Exchange Commission and consumer and investor advocates," she said. Waters said the bill would create more confusion and offer consumers and investors fewer protections than they have currently. But some Democrats, including Representative Maxine Waters, the top Democrat on the Financial Services committee, fiercely oppose the bill.
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