Senate Unveils Crypto Bill: What it Means for Startups and Payroll Compliance
We’ve got some pretty big news out of the Senate. They just dropped a new crypto market structure bill, and it’s got a lot to unpack. This bill is aimed at clearing up the murky waters of digital asset regulations, which could be a game changer for startups, especially when it comes to crypto payroll compliance. But what does it really mean for us?
What’s in the Bill?
This isn’t just any bill; it’s a significant update from the Senate Banking Committee. Spearheaded by Senators Tim Scott and Cynthia Lummis, it’s all about digital asset oversight and defining the roles of the SEC and CFTC. It’s like they’re saying, “Hey innovators, come out of hiding; we see you now.”
The bill allows bank holding companies to engage in…
