Crypto bills pass congressional committee in 'huge win' for US crypto

Crypto bills pass congressional committee in 'huge win' for US crypto

Tento príspevok bol pôvodne publikovaný na stránke https://cointelegraph.com/news/crypto-regulatory-framework-bill-pass-house-congressional-committee a autorom článku je Cointelegraph By Tom Mitchelhill. Tento článok je iba kópia originálneho článku.

https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-07/b7ef6e8f-e643-40f4-af98-36eb82b1ae40.jpg

Two crypto regulatory bills have been passed by the United States House Financial Services Committee United States in one day.

Crypto bills pass congressional committee in 'huge win' for US crypto

Join us on social networks

A key United States House panel has approved a pair of bills that will be key to developing a regulatory framework for cryptocurrencies, reducing regulatory red tape for crypto, and setting clearer rules for the industry.

On July 26, the majority of U.S. lawmakers voted in favor of the Financial Innovation and Technology for the 21st Century Act as well as the Blockchain Regulatory Certainty Act.

The House Financial Services Committee approved the Financial Innovation and Technology for the 21st Century Act in a 35-15 vote which would establish rules for crypto firms on when to register with either the Commodity Futures Trading Commission (CFTC) or the Securities and Exchange Commission (SEC).

The Republican bill also outlines a process for firms to certify with the SEC that their projects are adequately decentralized which would allow them to register digital assets as a digital commodity with the CFTC.

Republican Congressman, French Hill, who also serves as the Vice-Chairman of the House Financial Services Committee said he was proud the bill had passed its first hurdle, and that it had been passed by the committee with bipartisan support.

“We have crafted landmark legislation that establishes robust consumer protections and clear rules of the road for market participants while keeping innovation in the United States.”

Meanwhile, the bipartisan “Blockchain Regulatory Certainty Act” led by Republican Congressman Tom Emmer and Democratic Congressman Darren Soto, aims to set out guidelines that remove hurdles and requirements for “blockchain developers and service providers” such as miners, multi-signature service providers and decentralized finance (DeFi) platforms.

Republican Representative Tom Emmer praised the passing of the Blockchain Regulatory Certainty Act as a “huge win” for the United States.

Emmer explained that the Blockchain Regulatory Certainty Act “specifically deals with what blockchain-related entities qualify as money transmitters” in the United States. If passed in the House of Representatives, the bill “will clear things up by affirming to the blockchain community that if you don’t custody customer funds, you are not a money transmitter,” Emmer added.

Others, including Democratic Representative Maxine Waters have opposed the market structure bill in the past, saying it could mean fewer protections for crypto investors.

This is a developing story, and further information will be added as it becomes available.

Additional reporting by Jesse Coghlan.

Zanechať Odpoveď

Vaša e-mailová adresa nebude zverejnená. Vyžadované polia sú označené *

Získaj BONUS 8 € v Bitcoinoch

nakup bitcoin z karty

Registrácia Binance

Burza Binance

Aktuálne kurzy

Share This