Patrick McHenry, member of the US House of Representatives: I hope that regulators will affirm cryptocurrency innovation

According to Cointelegraph, US House of Representatives Patrick McHenry recently said that the huge value of Bitcoin has rapidly emerged, and the response of regulators is difficult to keep up with the pace of a lot of new ideas, which will limit the development of cryptocurrencies now and in the future. He hopes that regulators will give affirmation to cryptocurrency innovation. He said that the current financial regulation has entered a different stage, which requires the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to conduct more sensible regulation and improve certainty.