Post-FTX, India and Europe Push Ahead With CBDCs
The Breakdown
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Legislative Review of the Digital Commodity Consumer Protection Act
In criticizing the Digital Commodity Consumer Protection Act or DCCPA, Senator Lummus said, FTX was heavily involved in drafting the bill. That bill needs to be rewritten in a way that is more effective and neutral as to business models, but very, very focused on consumer protection. The unfortunate reality is that even if those bills had been in place, it still wouldn't have stopped the fraud of illicitly sending funds from customers to assist their hedge fund such as happened in the case of FTX. But at least it would have made the fraud even more clear and not just about the terms of service in FTX's agreement,. And I haven't even gotten into the prep
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