The Senate Banking Committee issued a draft of the upcoming market structure legislation. This 182 -page document includes many important changes from the known latest version.
It includes air stamps and stoping, depin and coordination among relevant agencies. It also expands the use of regulatory exemptions that CFTC has recently used.
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New Market Structure Legislation
Crypto regulation has been a hot issue for the last few months, and the law of clarity has been a particularly effective invoice. After giving a home vote in July, he stayed in a certain limo, but the Senate Banking Committee reviews it.
The draft version of this crypto market structure legislation is currently circulating.
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Although the full text is not publicly published, journalists examine the 182 -page document. The bill offers significant changes in the crypto market structure covering special interest areas.
For example, the draft law clearly discusses the question of whether the awards are securities, which has important market effects.
The committee continues to tend to exclude assets from the assignment of securities, and the air signs refer to as another exemption.
Laissez-Faire attitude is expanding
The market structure invoice also includes open protection for software developers who are not in the action of clarity. This may be a reaction to the controversial Roman Storm case, which sees that the Second commissioners and Dojictrators criticized the aggressive prosecution.
In addition, the draft aims to formalize the coordination between the already ongoing SEC and CFTC. The two commissions will work together at a joint advisory committee to solve disputes and determine the policy.
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In a common letter published today, these two agencies described a steam -winning concept on this invoice.
The most important line in this market structure legislation is simple: the continuation of the war against crypto sanction. Many of the articles are attributed to a common idea by issuing exemptions from the law. Depin Networks and DefI developers will gain light green lights to ignore some existing regulations.
This may sound too far, but it was already at the beginning of the week. Two days ago, CFTC issued a still letter to Polymarketdirectly, claiming that it will not bring execution actions against the company for certain violations. This will allow the platform to return to the United States despite an ongoing ban.
In other words, this market structure bill can expand the use of this technique. The crypto industry has long been complaining that existing tradf -oriented arrangements are insufficient for web3 and newly ordered new models are required.
These exemptions can be the key to helping to facilitate this transition.
However, this bill will go before it becomes a law. There is a lot of acceleration behind the pro -crypto legislation, but it is not clear how the final market structure will look. This document may change significantly.
