The Most Important Crypto Bill of 2023
The Breakdown
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The Future of Cryptocurrencies
Researchers would be able to apply for provisional registration, essentially allowing markets to continue operating during the transition. This means that exchanges have a pathway to come into compliance straight away while the CFTC is nailing down the details of rulemaking. It also means that applying for provisional registration would prevent the SEC from pursuing enforcement action related to listing tokens as commodities rather than securities. As Justin Slaughter again puts it, that's a BFD.
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