Does the latest crypto bill from the U.S. Senate have any chance of becoming law? CoinDesk's nikhileshde breaks down what's in the bill and where it's going. stateofcrypto
of their comprehensive crypto regulation bill. Chances are slim that it will, as a single bill, advance to becoming a law, but it may still drive a broader conversation within Congress on what sort of provisions smaller pieces of legislation should include.
Of course, the biggest hurdle the lawmakers face is their fellow lawmakers: Congress as a whole has shown not much appetite for passing any crypto-specific legislation into law in the current climate, though bills continue to be introduced. This is a key ask by that regulator, and echoes a goal of last year’s version of the bill. One criticism of the first draft came from SEC Chair Gary Gensler, who cautioned that it might “undermine” other rules overseeing securities markets.
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