Although the U.S. House of Representatives committee did not reveal all the topics to be discussed, the community anticipates that the hearing will cover significant concerns within the space.
One of the latest developments in the cryptocurrency market is the emergence of the BRC-20 token standard. In March 2023, an anonymous blockchain analyst named Domo introduced this standard, which has since become a popular trend in the cryptocurrency industry.
Binance is facing a lawsuit from the United States Securities and Exchange Commission (SEC), which has classified a minimum of 61 cryptocurrencies as securities, impacting tokens worth $100 billion in the market.