Crypto Market Push May Not Last Without Congressional Support

The US Securities and Exchange Commission (SEC) has expressed concerns that the current hype surrounding cryptocurrencies may not be sustainable in the long term.

SEC Commissioner Hester Peirce's counterpart, Commissioner Caroline Crenshaw, stated that without Congressional action to provide regulatory clarity, the momentum behind digital assets may fizzle out. This comes as lawmakers and regulators continue to weigh in on the issue of cryptocurrency regulation.