🇺🇸 US Senate Just RESTRAINS SEC Power! 🚀
The US Senate is moving to curb the power of the Securities and Exchange Commission (SEC) in the crypto space. A new bill has been introduced to protect the industry from overregulation, specifically actions of “regulation by enforcement” instead of clear legal frameworks.
$XRP, $NEAR, and $DOGE could all benefit.
This bill aims to:
• Clarify the jurisdictional boundaries between the SEC and CFTC.
• Limit the SEC’s ability to unilaterally classify tokens as securities.
• Create a more transparent legal environment for blockchain projects and investors.
Why is this huge? This is seen as a major win for the crypto industry, paving the way for innovation, attracting institutional capital, and reducing years of legal uncertainty. If passed, the market could see a wave of positive sentiment and inflows, especially in the US. 🔥
Crypto is gaining stronger Congressional support.
#CFTC #CryptoNews #Regulation #BTC 📈
