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Senators seek "looser regulation" for the Crypto Assets market, while the Democrats express opposition.
[Senators Seek "Looser Regulations" for Crypto Assets Market, Democrats Oppose] A key committee in the U.S. Senate is debating proposed regulations for digital assets. Republicans are calling for a "soft" regulatory approach, while Democrats warn of potential loopholes and conflicts of interest. The Senate Banking Committee held a hearing on Wednesday aimed at advancing legislation for the structure of the crypto assets market, with the goal of making progress before the committee's deadline on September 30. The House is set to review its own proposal next week.