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⚖️ US Senate Divided Over Crypto Regulation
A heated Senate Banking Committee hearing on crypto laws revealed deep partisan divisions:
🔴 Republicans push for a light-touch framework..
— Emphasize protecting innovation..
— Want clear definitions between securities & commodities...
— Say overregulation threatens growth..
🔵 Democrats demand tighter rules
— Warn of loopholes & conflicts of interest
— Slam provisions allowing firms to self-certify as “decentralized”
— Cite political favoritism & lack of consumer protection
📢 Former CFTC Chair Timothy Massad called current proposals a "regulatory black hole" and urged tighter definitions.
📜 Despite tensions, GOP senators unveiled a proposal aligned with the CLARITY Act, aiming to define digital assets clearly and assign SEC/CFTC oversight.
👀 What’s Next: If the House and Senate can align, the U.S. may finally get a unified crypto legal framework. But friction remains.
A heated Senate Banking Committee hearing on crypto laws revealed deep partisan divisions:
🔴 Republicans push for a light-touch framework..
— Emphasize protecting innovation..
— Want clear definitions between securities & commodities...
— Say overregulation threatens growth..
🔵 Democrats demand tighter rules
— Warn of loopholes & conflicts of interest
— Slam provisions allowing firms to self-certify as “decentralized”
— Cite political favoritism & lack of consumer protection
📢 Former CFTC Chair Timothy Massad called current proposals a "regulatory black hole" and urged tighter definitions.
📜 Despite tensions, GOP senators unveiled a proposal aligned with the CLARITY Act, aiming to define digital assets clearly and assign SEC/CFTC oversight.
👀 What’s Next: If the House and Senate can align, the U.S. may finally get a unified crypto legal framework. But friction remains.
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