Cynthia lummis crypto bill

cynthia lummis crypto bill

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    calendar_month 11.06.2020
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While the previous version of the LG Act proposed an expanded role for the CFTC by defining most digital assets as commodities and establishing the CFTC as their primary regulator, the updated version goes a step further by requiring all crypto asset exchanges except truly decentralized exchanges to register with the CFTC. Sign In Create your free profile. Beyond the actual literal cost, the tax rules currently in place also require all U. The amendment is not currently expected to come up for a vote, but it speaks to the urgency on both sides of the aisle to regulate the industry, even on a piecemeal basis.