Wall Street Calls Senate Crypto Bill Most Important Regulation Since 1930

Wall Street Calls Senate Crypto Bill Most Important Regulation Since 1930

Key Highlights of the Senate Cryptocurrency Bill Bitcoin and Ethereum would be classified as digital products regulated by the Commodity Futures Trading Commission (CFTC). Cryptocurrency exchanges, brokers, and custodians are required to register as digital commodity exchanges (DCE) under federal law. Client funds must be kept separate from company assets and verified through regular audits….

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Senate Proposes CFTC Regulation for Bitcoin and Ether Trading

Senate Proposes CFTC Regulation for Bitcoin and Ether Trading

Key points The Senate bill gives the CFTC full control over Bitcoin and Ether trading rules in the US. Cryptocurrency exchanges and brokers must register as digital commodity exchanges and follow strict federal standards. Senators remain divided over the application of identity and anti-money laundering controls to decentralized finance (DeFi) platforms that operate without intermediaries….

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