BREAKING BREAKING BREAKING 💡
🇺🇸 US CRYPTOCURRENCY LAW 👀
The US has slowed down the process of passing a cryptocurrency law. The cryptocurrency bill, which was positioned in the US as a joint project of Republicans and Democrats, is most likely dead.
The Democrats have been throwing a wrench (amendments) into the project, disrupting the voting schedule, while the Republicans are puffing out their cheeks.
The Democrats insist on:
1) increased disclosure of information for digital assets and protection of secondary market participants;
2) new tools to combat illegal financing;
3) rules against platforms that avoid regulatory requirements by claiming "decentralized" status;
4) restrictions on profits from stablecoins to prevent the outflow of deposits from local banks.
On top of everything else, the parties cannot agree on the division of market regulation between the SEC and CFTS, which is very critical there.
And, as usual, Democrats are demanding to limit politicians' involvement in crypto (hello TRUMP), which is unlikely to pass with Republicans. The White House is already rejecting such scary amendments (saying that Mr. Trump has no conflict of interest, yeah right), but then the vote will fail...
So, most likely, given the demands, they won't reach an agreement anytime soon, and America won't see a normal cryptocurrency law for a long time.
ATTENTION SIGNAL ALERT ✈️🥳
$ALT 🌟
ALT buy and hold big Move soon 📈✅️
LEVERAGE 3x - 10x
BUYING - HOLDING - SELLING 🏁
#TRUMP #TrumpBitcoinEmpire #TrumpTariffs #FOMCWatch #CPIWatch
