What’s next for crypto regulations?
Exchanges
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The Lack of Clarity Argument Is Overblown
Former CFTC chairman Timothy Masade says the US regulatory framework for crypto is woefully inadequate to protect investors. Most big trading platforms in the US are regulated only under state money service business laws. Those laws do trigger the application of federal anti-money laundering requirements. But otherwise, those laws are "very light touch kinds of laws that originated in the telegraph era," he said.
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