1 year ago
U.S. House Republicans introduced a caller integer assets oversight measure connected Thursday that aims to found a regulatory model to support investors successful the crypto sector.
“Today's instauration of the Financial Innovation and Technology for the 21st Century Act marks a important milestone successful the House Committees connected Agriculture and Financial Services efforts to found a much-needed regulatory model that protects consumers and investors and fosters American enactment successful the integer plus space,” said Chairman of the House Committee connected Agriculture Rep. Glenn “GT” Thompson (R-Pa.) successful a statement.
The bill, first drafted successful aboriginal June, aims to laic down a regulatory way for crypto exchanges to registry with the U.S. Securities and Exchange Commission (SEC), and would alteration them to commercialized integer securities, commodities and stablecoins each successful 1 place.
“The crypto manufacture wants clarity and our collaborative measure gives some the CFTC and SEC a spot astatine the table. Our measure establishes wide principles to guarantee fiscal information and certainty arsenic integer plus developers proceed to innovate,” said Dusty Johnson (R-S.D.) successful the statement.
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