PANews reported on March 21 that according to Eleanor Terrett, Maryland Representative Adrian Boafo and New York State Assemblyman Clyde Vanel jointly wrote to congressional Democratic leaders, calling for the establishment of a federal cryptocurrency regulatory framework to prevent fragmentation of state regulatory policies. The letter was sent to Senators Elizabeth Warren and Amy Klobuchar, as well as Representatives Maxine Waters and Angie Craig, emphasizing that 35 states have introduced various types of crypto legislation, ranging from legal recognition of digital assets to restrictive measures. Without federal guidance, market uncertainty will be further exacerbated, affecting business and financial development.
Boafo and Vanel are concerned that Democrats such as Warren and Waters, who have long held an anti-encryption stance, may hinder bipartisan cooperation and affect the implementation of the regulatory framework. The two emphasized that the Democratic Party has always been a leader in promoting technology policies and bipartisan cooperation, and hope to continue to promote unified and clear digital market regulation to ensure that the United States remains competitive in the crypto economy.
