The Most Important Crypto Bill of 2023
The Breakdown
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The McHenry Thompson Bill on Cryptocurrency
The McHenry Thompson bill is a strong effort at crafting a comprehensive regulatory regime for crypto. The main outstanding questions are, what part of this bill applies directly to DeFi? Can a network be deemed decentralized at launch? How will House Democrats in Congress respond to it? It's clear that this bill won't clear 60 votes in the Senate in its current form. This one feels like a thing that they actually want passed.
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