💰 Crypto Industry Faces Increased Regulatory Scrutiny in 2023 ⚡️The cryptocurrency industry is facing increased regulatory scrutiny from politicians and regulators in 2023. The Senate's infrastructure bill includes provisions for reporting and taxing cryptocurrencies, which has been met with resistance from the industry. 🏠 On the Congressional side, committees of jurisdiction led by House Financial Services Committee Chair Maxine Waters and Senate Banking Committee Chair Sherrod Brown are calling for robust federal regulations. Meanwhile, SEC Chairman Gary Gensler believes the SEC needs additional authorities to protect investors and prevent transactions from falling between regulatory cracks. The crypto industry must be prepared for increased regulation in the coming year. GloDao Follow Galaxy Finance on: 🌐 Website 📘 Facebook 👉 Twitter 👉 Announcements 👉 Community 👉 Youtube Channel