What are you crypto folks? 😁
I've been a bit out of here because it's the end of the year and everything is on fire, but I brought you an interesting piece of news.
Braking for the States is not new, but during the time of the red deal, it became a symbol of the country 😂
The cryptocurrency bill that was positioned in the States as a joint project of Republicans and Democrats is likely dead.
Democrats have stuffed sticks (amendments) into the project, disrupting voting deadlines, while Republicans puff out their cheeks.
Democrats insist on:
1) strengthening disclosure for digital assets and protecting secondary market participants;
2) new instruments to combat illegal financing;
3) rules against platforms that evade regulatory requirements by claiming a “decentralized” status;
4) restrictions on profits from stablecoins to prevent the outflow of deposits from local banks.
Besides everything else, the parties cannot agree on the distribution of market regulation between the SEC and CFTS, which is very critical there.
And traditionally, the Democrats demand to limit the participation of politicians in crypto (hello $TRUMP 😂), which is unlikely to pass with the Republicans. The White House is already dismissing such dreadful amendments (claiming that Mr. Trump has no conflict of interest, yeah), but then the voting will fail...
That is, most likely, given the requirements, they will not come to an agreement anytime soon, and America will not see normal cryptocurrency legislation for a long time.
And if you've read this far, then traditionally, subscribe, like, buy $BNB and $MORPHO 😁
