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07/16/2024 07:45 AM
Pennsylvania House of Representatives
https://www.legis.state.pa.us/cfdocs/Legis/CSM/showMemoPublic.cfm?chamber=H&SPick=20230&cosponId=41731
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House of Representatives
Session of 2023 - 2024 Regular Session

MEMORANDUM

Posted: November 13, 2023 11:58 AM
From: Representative Napoleon J. Nelson
To: All House members
Subject: Resolution Urging Congress to Establish a Regulatory Framework for Cryptocurrency
 

At this time, there is no federal regulatory framework for cryptocurrencies.  As cryptocurrencies become a larger part of the American financial landscape, it is imperative that Congress sets standards and guidelines to ensure investors can invest with assurances that their digital assets will not be subject to conflicting state or international marketplaces. 
 
When the assets of consumers are left unprotected, they can be subject to fraud, technical errors, and other potential problems.  If the federal government can provide a regulatory framework for cryptocurrencies and digital assets, it will help stabilize markets and ensure bad actors cannot take advantage of investors. 
 
As these new financial markets emerge, I ask you to join with me and support my resolution that would urge Congress to establish a regulatory framework for cryptocurrencies.   
 



Introduced as HR265