news 
Title: Crypto Firms Urge Congress to Rein In DOJ’s Interpretation of Money Transmission Laws
The crypto industry has been vocal about the need for regulatory clarity and consistency. As such, a group of prominent digital asset companies have urged lawmakers on Capitol Hill to intervene and curb the Department of Justice (DOJ)’s interpretation of money transmission laws.
In a letter addressed to members of Congress, notable firms like Coinbase, Kraken, Ledger, Consensys, Uniswap Labs, and Paradigm emphasized the importance of reining in the DOJ’s aggressive stance on money transmission.
The companies argue that the current legal landscape creates uncertainty and hinders innovation. They suggest that it is crucial for lawmakers to step in and clarify the laws related to money transmission.
It is essential to note that the letter highlights the need for regulatory clarity, emphasizing the importance of defining a clear regulatory framework for digital assets.
As reported by CryptoSlate earlier today, the SEC has announced plans to host four additional roundtables focused on crypto-related topics.
Source: https://cryptoslate.com/crypto-firms-urge-congress-to-rein-in-dojs-interpretation-of-money-transmission-laws/
