The Digital Chamber just sent a letter to Congress demanding action NOW—not later.
What they want before this session ends:
• Customer asset protections locked in by law
• CFTC gets full oversight of US exchanges
• Mandatory cybersecurity baselines for all platforms
This isn't about innovation theater. Recent exchange blowups proved we need federal rails yesterday. Self-regulation failed. State-by-state patchwork failed.
If you're trading on CEXs, this matters. If passed, expect stricter audits, proof-of-reserves mandates, and actual consequences for mishandling user funds.
Congress moving fast would be bullish for institutional capital. Clarity = liquidity.
What they want before this session ends:
• Customer asset protections locked in by law
• CFTC gets full oversight of US exchanges
• Mandatory cybersecurity baselines for all platforms
This isn't about innovation theater. Recent exchange blowups proved we need federal rails yesterday. Self-regulation failed. State-by-state patchwork failed.
If you're trading on CEXs, this matters. If passed, expect stricter audits, proof-of-reserves mandates, and actual consequences for mishandling user funds.
Congress moving fast would be bullish for institutional capital. Clarity = liquidity.
