In the USA, which is in danger of falling behind in crypto money innovation and constantly criticized for not enacting laws on this issue, 3 Republican Congressmen presented a new and wide-ranging bill.


Glenn Thompson, chairman of the House Agriculture Committee, French Hill, chairman of the Digital Assets Subcommittee, and Congressman Dusty Johnson were behind the bill.
Speaking about the bill, which gives equal jurisdiction to the two major US regulators, the SEC and the CFTC, Congressman Hill said:
“This bill aims to both protect investors and keep innovation in the United States. If this bill were in effect, FTX would have been prevented from stealing billions of dollars from people. In addition to containing very strong investor protection laws, it also provides a clear and unambiguous guide for market participants.”
The bill, in which clear definitions of cryptocurrencies and digital assets are also made, also explains how crypto companies will register with regulators.
In the bill, it is noteworthy that "Current securities laws and regulations do not take into account many features of digital assets".
Speaking on the subject, Congressman Johnson said, “The industry now wants clarity in regulations. This bill provides that," he said.
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