🚨 House Dems cooking up a new crypto bill—and it's not pretty for exchanges.
Key moves:
• SEC gets MORE power over exchanges (not less)
• Stricter custody rules incoming
• Federal ethics restrictions on the table
This isn't the pro-crypto regulatory clarity everyone's been begging for. This is the SEC getting a longer leash.
If you're running an exchange or holding assets on one, pay attention. Custody requirements could force major operational changes. And more SEC oversight = more enforcement risk.
Still early, but the vibe? Regulatory pressure isn't easing—it's shifting venues.
Key moves:
• SEC gets MORE power over exchanges (not less)
• Stricter custody rules incoming
• Federal ethics restrictions on the table
This isn't the pro-crypto regulatory clarity everyone's been begging for. This is the SEC getting a longer leash.
If you're running an exchange or holding assets on one, pay attention. Custody requirements could force major operational changes. And more SEC oversight = more enforcement risk.
Still early, but the vibe? Regulatory pressure isn't easing—it's shifting venues.