Crypto senate bill

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The bill would place identity.

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Crypto senate bill	The bipartisan bill, the Crypto-Asset National Security Enhancement Act of , would require DeFi protocols to impose bank-like controls on their user base, according to a description of the bill reviewed by CoinDesk. The Commodity Futures Trading Commission CFTC would have the power to regulate digital spot markets, while providers would be subject to disclosure requirements. These controlling entities would need to vet and collect information on their customers, maintain anti money laundering programs, report suspicious activity to the government, and block sanctioned individuals from using their protocol. Head to consensus. Nikhilesh De. Pat Toomey R-Pa.
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Senate Bill Would Treat Crypto Like Commodities
On July 12, , U.S. Senators Cynthia Lummis (R-WY) and Kirsten Gillibrand (D-N.Y.) proposed a revised version of their previously. Jul 19 The legislation also modernizes key Treasury Department anti-money laundering authorities, and sets new requirements to ensure. The bill adds a definition for "cryptocurrency" which is a digital currency in which transactions are verified and records are maintained by a decentralized.