Top legal officers and a former regulator will testify in front of US congressional committees on Wednesday to discuss digital asset regulation. The House Financial Services Subcommittee on Digital Assets, Financial Technology and Inclusion and the House Agriculture’s Commodity Markets, Digital Assets and Rural Development subcommittee will hear from Kraken’s Chief Legal Officer Marco Santori and former Commodity Futures Trading Commission Chair Timothy Massad. Santori plans to explain how regulators can improve their regulation of crypto, while Massad is calling for Congress to direct the Securities and Exchange Commission to develop joint rules for regulating crypto. Other witnesses include Andrew Durgee, Matthew Kulkin, and Daniel Schoenberger, who will discuss the risks of falling behind other countries due to the lack of clear and supportive regulation in the US.
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