U.S. state lawmakers urge Elizabeth Warren to promote a federal cryptocurrency regulatory framework

According to ChainCatcher, Representative Adrian Boafo from Maryland and New York Assemblyman Clyde Vanel co-sent a letter to Congressional Democratic leaders, calling for the establishment of a federal cryptocurrency regulatory framework to prevent fragmented regulatory policies across states. The letter was sent to Senators Elizabeth Warren, Amy Klobuchar, and Representatives Maxine Waters and Angie Craig, emphasizing that currently, 35 states have introduced various cryptocurrency legislations, ranging from legal recognition of digital assets to restrictive measures. Without federal guidance, market uncertainty will further intensify, affecting business and financial development.

Boafo and Vanel are concerned that Democrats like Warren and Waters, who have long held anti-crypto positions, may hinder bipartisan cooperation and impact the implementation of the regulatory framework. The two emphasized that Democrats have consistently led in promoting technology policy and bipartisan collaboration, and they hope to continue advocating for unified and clear digital market regulation to ensure the U.S. remains competitive in the crypto economy.