• News
    • Bitcoin
    • Altcoins
  • Blockchain
  • NFT
  • Metaverse
  • Regulation
  • Learn
  • Market Cap
What's Hot

Stellar Lumens [XLM] surges past two-month resistance, breaches $0.1

2023-03-29

NEAR launches $11M grassroots community trust registered in Guernsey

2023-03-29

XRP Price Rally Can Take a Halt With Enormous Profit-Taking! Here’s What Traders Can Expect

2023-03-29
Facebook Twitter Instagram
Top Coin Spot
  • News
    • Bitcoin
    • Altcoins
  • Blockchain

    KDDI joins the list of validators on Oasys Blockchain

    2023-03-28

    ‘Flatcoin’ Builders Respond to Coinbase Call to Deploy on Layer-2 Network Base

    2023-03-28

    Stub Layer 2 Solution On Ethereum

    2023-03-27

    An overview of fake product detection using blockchain technology

    2023-03-27

    Vitalik Buterin Sends Hidden Message in First Polygon zkEVM Transaction

    2023-03-27
  • NFT

    Heno.’s Journey to Ignite Social Change

    2023-03-28

    Ethereum Staking Provider Lido to Incorporate NFTs Into Unstaking Process

    2023-03-28

    Real Estate Investors Buy Solana NFT Home for $246,800

    2023-03-28

    The Origins, Rumors, and What We Know So Far

    2023-03-28

    The Now Pass Sold Out. Here’s What’s Next.

    2023-03-28
  • Metaverse

    Disney Metaverse Division Reportedly Scrapped

    2023-03-28

    Animoca Denies $200M Metaverse Fund Cut

    2023-03-27

    Metaverse Trading Hits All-Time High

    2023-03-24

    Exploring the Metaverse: A Guide to Investing in Metaverse Stocks

    2023-03-20

    A Guide to Virtual Land Staking in the Metaverse

    2023-03-20
  • Regulation
  • Learn

    In Search of Legal Personality & Limited Liability

    2023-03-23

    Best NFT Wallets in 2023

    2023-03-21

    What are Dapps (Decentralized Applications) Crypto?

    2023-03-17

    How to Short Sell Bitcoin

    2023-03-17

    Are There Any Free Play-to-Earn Crypto Games?

    2023-03-16
  • Market Cap
Top Coin Spot
Home»Regulation»US senators commit to advancing crypto bill despite FTX collapse
Regulation

US senators commit to advancing crypto bill despite FTX collapse

2022-11-12No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

United States senators Debbie Stabenow and John Boozman have doubled down on their dedication to publishing a ultimate model of the Digital Commodities Shopper Safety Act 2022 (DCCPA) within the wake of FTX’s stunning collapse.

For a short while, the cryptocurrency group wasn’t positive how the senators would reply to the FTX disaster — because the DCCPA invoice is known to have been strongly supported by FTX CEO Sam Bankman-Fried.

However the members of the U.S. Senate Committee on Agriculture, Diet and Forestry confirmed their intentions in a Nov. 10 assertion — stating “the occasions which have transpired this week reinforce the clear want for better federal oversight of the digital asset trade.”

“Chairwoman Stabenow and I stay dedicated to advancing a ultimate model of the DCCPA that creates a regulatory framework that enables for worldwide cooperation and offers customers better confidence that their investments are secure,” wrote Senator Boozman.

Bankman-Fried is known to be a robust supporter of the crypto invoice. He has attended a number of Senate Hearings and published a current submit titled “Attainable Digital Asset Business Requirements” on Oct. 19.

The senators didn’t disclose further particulars as to what stage the DCCPA is at and when the invoice can be printed for the Senate to assessment.

Associated: Business reps recommend enhancements to Stabenow–Boozman crypto regulation invoice

The DCCPA invoice was formally launched into the U.S. Congress on Aug. 3. 2022.

If the DCCPA passes into regulation, it could grant the Commodity Futures Buying and selling Fee (CFTC) — one of many two U.S. market regulators — an extension of regulatory powers over the sector. 

See also  US Regulators Probing FTX and Alameda Research Over Potential Mishandling of Customer Funds: Report

The invoice will nonetheless must be handed by each the U.S. Senate and Home of Representatives and be signed by President Joe Biden as a way to develop into regulation.

Source link

advancing Bill Collapse commit Crypto FTX Senators
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NEAR launches $11M grassroots community trust registered in Guernsey

2023-03-29

Coin Center raises the alarm on the RESTRICT Act

2023-03-29

Balaji Srinivasan Says Millions of Worried Depositors Could Wire Money to Bitcoin As Banks Get Too Big To Escape

2023-03-29

Nvidia Top Executive Says Crypto Adds Nothing of Value to Society but AI Does: Report

2023-03-29
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Fantom: The ‘but’ in FTM’s recent rally and why traders should maintain caution

2022-12-04

‘Cryptoqueen’ Boyfriend Sentenced to Five Years in Prison for Laundering $300,000,000 in Crypto

2023-02-20

Chainlink: Will 2023 be a game-changer for the LINK long-term holders

2023-01-20

Subscribe to Updates

Get the latest news and Update from Top Coin Sports about Crypto, Metaverse, NFT and more.

About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest YouTube
Top Insights

Stellar Lumens [XLM] surges past two-month resistance, breaches $0.1

2023-03-29

NEAR launches $11M grassroots community trust registered in Guernsey

2023-03-29

XRP Price Rally Can Take a Halt With Enormous Profit-Taking! Here’s What Traders Can Expect

2023-03-29
Get Informed

Subscribe to Updates

Get the latest news and Update from Top Coin Sports about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Topcoinspots.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$28,340.005.75%
  • ethereumEthereum(ETH)$1,809.545.23%
  • USDEXUSDEX(USDEX)$1.080.18%
  • tetherTether(USDT)$1.00-0.10%
  • binancecoinBNB(BNB)$317.222.73%
  • usd-coinUSD Coin(USDC)$1.00-0.19%
  • rippleXRP(XRP)$0.5717.10%
  • cardanoCardano(ADA)$0.38728911.15%
  • staked-etherLido Staked Ether(STETH)$1,806.105.10%
  • dogecoinDogecoin(DOGE)$0.0759735.08%