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How does the US Congress influence silvergate?

avatarFit ImpactNov 27, 2021 · 3 years ago1 answers

In what ways does the US Congress have an impact on silvergate and its operations in the cryptocurrency industry?

How does the US Congress influence silvergate?
US Congress
Silvergate
Cryptocurrency

1 answers

  • avatarNov 27, 2021 · 3 years ago
    As an expert in the cryptocurrency industry, I can say that the US Congress has a significant influence on silvergate's operations. Congress has the power to introduce and pass legislation that can directly impact silvergate's business practices and the overall regulatory framework for cryptocurrencies. For example, Congress can propose bills related to digital asset taxation, investor protection, or regulatory oversight, which can affect silvergate's operations and compliance requirements. Additionally, Congress can hold hearings and invite industry stakeholders to discuss cryptocurrency-related issues, providing a platform for silvergate to showcase its expertise and address any concerns raised by lawmakers. Therefore, silvergate should actively engage with Congress and stay updated on legislative developments to ensure its continued success in the cryptocurrency industry.

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