US senators are working on the draft law to regulate digital assets

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Von: Krypto News Österreich

US-Senatorinnen Cynthia Lummis und Kirsten Gilibrand arbeiten erneut an einem Gesetzentwurf zur Regulierung digitaler Vermögenswerte. Sie hatten bereits im letzten Jahr zusammen an einem ähnlichen Gesetz gearbeitet. Lummis, auch als „Bitcoin-Senatorin“ bekannt, erklärte in einem Interview mit CNBC, dass es wichtig sei, voranzukommen, um die verstärkte Integration digitaler Vermögenswerte in die Wirtschaft zu ermöglichen. Um ihre Bemühungen zu unterstützen, teilte Lummis auf Twitter einige Vorschläge aus dem Gesetzentwurf mit. Diese beinhalten unter anderem Registrierungsanforderungen für Krypto-Börsen und die Verteilung der Regulierungsverantwortung zwischen verschiedenen Behörden. Die Krypto-Asset-Branche befindet sich derzeit in einer Phase von Rückenwind und Gegenwind. Im Juni reichte die …
US senators Cynthia Lummis and Kirsten Gilibrand are again working on a draft law to regulate digital assets. They had already worked on a similar law together last year. Lummis, also known as the "Bitcoin Senator", said in an interview with CNBC that it was important to get to the economy to enable the increased integration of digital assets into the economy. In order to support their efforts, Lummis announced some suggestions from the draft law on Twitter. These include registration requirements for crypto exchanges and the distribution of regulatory responsibility between various authorities. The crypto-asset industry is currently in a phase of tailwind and headwind. In June the ... (Symbolbild/KNAT)

US senator Cynthia Lummis and Kirsten Gilibrand are again working on a draft law to regulate digital assets. They had already worked on a similar law together last year. Lummis, also known as the "Bitcoin Senator", said in an interview with CNBC that it was important to advance to enable the increased integration of digital assets into the economy.

To support their efforts, Lummis announced some suggestions from the bill on Twitter. These include registration requirements for crypto exchanges and the distribution of regulatory responsibility between different authorities.

The crypto-asset industry is currently in a phase of the tailwind and headwind. In June, the Securities and Exchange Commission (SEC) submitted against the greatest cryptocurrency exchanges Binance and Coinbase, which led to uncertainty about the future of the crypto market in the United States. On the other hand, large companies such as Blackrock, Invalkyrie and ARK Investe submitted applications for stock market-traded funds at Bitcoin spot markets, which led to an increase in the Bitcoin price.

lummis describes the new bill as a way to remedy this uncertainty. Among other things, the law is intended to determine how tokens should be categorized as securities or goods and which regulatory authorities are subject to. According to Lummis, the entries of the SEC and Commodities Futures Trading Commission should flow into the draft.

The crypto community has received the update of the bill positively and sees great progress in it. However, some experts also express concerns that the draft uses too much to use existing securities laws and could thus cause confusion.

The draft law must be adopted by both the Senate and the House of Representatives before receiving law. The draft law is still revised in the House of Representatives because there are concerns from the Democrats. However, the chairman of the Financial Service Committee, Patrick Mchenry, strives for cross -party approval.

It remains to be seen what the final draft law will look like and whether it contributes to bringing clarity and regulation into the crypto market.