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Coinbase Launches Crypto Policy Coalition as FDIC Warns of Crypto Dangers to Banks

The Breakdown

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Crypto Asset Mining, Special Broker Dealer License, and Regulatory Compliance

This chapter explores the significance of financial innovation in the crypto industry and its potential to create job opportunities in rural America. It addresses concerns raised by Republican allies regarding a special purpose broker dealer license granted to a crypto firm and questions the regulatory compliance of these firms. The chapter concludes with the House Financial Services Committee Republicans seeking explanations from the SEC and FINRA.

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