The Most Important Crypto Bill of 2023
The Breakdown
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The Cryptocurrency Bill: A Workable Regulator Framework
The bill provides a pathway for both exchanges and token issuers to come into compliance straight away while the details are worked out by regulators. Exchanges will be given the benefit of the doubt when offering assets on their platforms. Tocons will be allowed to continue trading until either the SEC or the CFTC issues in notice that the token is considered a security kicking off that process. The biggest issue is that this is an all GOP bill. So this bill may pass the House, but it will need some serious democratic support, likely 50 to 100 Democratic House members,. It's probably our best hope.
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