Bill for cryptocurrencies in the US was leaked
The proposal made by Senator Cynthia Lummis for the regulation of cryptocurrencies reached Twitter through a user
The cryptocurrency bill proposed by Senator Cynthia Lummis was recently leaked via social media.
This proposal addresses the regulation of digital assets in a comprehensive manner, as well as establishing the steps to be followed to introduce them into the financial system of the United States.
The formal presentation by Lummis is scheduled to take place this June 7. However, this proposal reached the media beforehand thanks to a leak on Twitter.
The bill suggests the creation of a self-regulatory institution to be in charge of cryptocurrencies and other digital assets. The draft also indicates that it seeks to make the Commodity Futures Trading Commission (CFTC) the regulator of the crypto market. However, this plan could conflict between said commission and the Securities and Exchange Commission (SEC).
The proposed regulation increases the power of regulators to control and regulate the activity of market participants in terms of requirements and sanctions.
K. Tovar
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Source: Diariobitcoin
