As cries for cryptocurrency regulation continue to increase, experts say a recently proposed bipartisan Senate bill sets the stage for promising regulatory measures.
The Responsible Financial Innovation Act, introduced in June by U.S. Senators Kirsten Gillibrand, D-N.Y., and Cynthia Lummis, R-Wyo., establishes definitions for digital assets, creates an advisory committee to develop guiding principles and advise lawmakers on the rapidly developing technology, and gives regulatory authority for digital assets to the Commodity Futures Trading Commission (CFTC).
The main uncertainty regarding the cryptocurrency market has long been definitional, which is why the Senate bill is a positive step for cryptocurrency regulation, said Alma Angotti, a partner in Guidehouse's financial services segment and global legislative and regulatory risk lead. Guidehouse is a global market consulting company.
"This bill does a pretty good job," Angotti said. "It's very thorough; they tackle a lot of the...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...