NEWS: US senators introduce long-awaited bill to define crypto market rules
By Hannah Lang
U.S. senators have unveiled draft legislation that would create a regulatory framework for crypto that, if signed into law, would clarify financial regulators’ jurisdiction over the burgeoning sector, potentially boosting digital asset adoption.
The crypto industry has long pushed for such legislation, oftentimes arguing that it is existential to the future of digital assets in the U.S. and necessary to fix core, longstanding problems for crypto companies.
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