{"id":36489,"date":"2023-01-11T09:38:15","date_gmt":"2023-01-11T09:38:15","guid":{"rendered":"https:\/\/lydian.io\/?p=36489"},"modified":"2023-01-11T09:38:16","modified_gmt":"2023-01-11T09:38:16","slug":"us-senators-pledge-to-push-crypto-law-forward-despite-ftx-collapse","status":"publish","type":"post","link":"https:\/\/lydian.io\/us-senators-pledge-to-push-crypto-law-forward-despite-ftx-collapse\/","title":{"rendered":"US Senators pledge to push crypto law forward despite FTX collapse","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>1 Minute, 23 Second <\/div>\n\n <\/div>

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US Senators Debbie Stabenow and John Boozman have doubled their dedication to launch a last model of the Digital Commodities Client Safety Act 2022 (DCCPA) following FTX's shock collapse.<\/p>\n

For a short while, the cryptocurrency neighborhood was not sure how senators would reply to the FTX disaster - because the DCCPA invoice was stated to have been closely backed by FTX CEO Sam Bankman-Fried.<\/p>\n

However the members of the US Senate Committee on Agriculture, Meals and Forestry Approved<\/a> their intentions in a November 10 assertion, which stated, \"The occasions which have transpired this week reinforce the clear want for higher federal oversight of the digital asset trade.\"<\/p>\n

\"Chair Stabenow and I stay dedicated to advancing a last model of the DCCPA that creates a regulatory framework that allows worldwide collaboration and provides customers higher confidence that their investments are secure,\" Senator Boozman wrote.<\/p>\n

Bankman-Fried is taken into account a robust proponent of crypto invoice. He has attended a number of Senate hearings and lately revealed one post<\/a> entitled \u201cDoable Digital Asset Business Requirements\u201d on October 19.<\/p>\n

Senators gave no additional particulars on what stage the DCCPA is in and when the invoice shall be launched for Senate consideration. <\/p>\n

Associated: <\/strong>Business representatives suggest enhancements to the Stabenow-Boozman Crypto Regulation Act<\/strong><\/p>\n

The DCCPA regulation was formally launched into the US Congress on August 3, 2022. <\/p>\n

If enacted, the DCCPA would grant the Commodity Futures Buying and selling Fee (CFTC) -- one of many two US market regulators -- elevated regulatory powers over the sector. <\/p>\n

The regulation nonetheless must be handed by each the US Senate and Home of Representatives and signed by President Joe Biden to develop into regulation. <\/p>\n

Source link <\/a><\/p>\n

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US Senators Debbie Stabenow and John Boozman have doubled their dedication to launch a last model of the Digital Commodities […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":5,"featured_media":36490,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":"","_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[7],"tags":[118,94,130,226,2268,2269,1618],"acf":[],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts\/36489"}],"collection":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/comments?post=36489"}],"version-history":[{"count":2,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts\/36489\/revisions"}],"predecessor-version":[{"id":37903,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts\/36489\/revisions\/37903"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/media\/36490"}],"wp:attachment":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/media?parent=36489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/categories?post=36489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/tags?post=36489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}