#USHouseMarketStructureDraft
The US House Financial Services and Agriculture Committees released a draft bill in June 2023, led by Republicans Patrick McHenry and Glenn Thompson, aiming to regulate digital assets. The proposal offers a pathway for assets starting as securities to transition to commodities, fostering discussions among lawmakers, regulators, and stakeholders. Industry watchdogs, including Americans for Financial Reform, opposed it, citing speculative risks and lack of practical use cases. The Milken Institute supports the draft but suggests adding consumer protections and financial inclusion standards. This draft marks a step toward regulatory clarity for the crypto market.$SOL
#FOMCMeeting
$XRP
The US House Financial Services and Agriculture Committees released a draft bill in June 2023, led by Republicans Patrick McHenry and Glenn Thompson, aiming to regulate digital assets. The proposal offers a pathway for assets starting as securities to transition to commodities, fostering discussions among lawmakers, regulators, and stakeholders. Industry watchdogs, including Americans for Financial Reform, opposed it, citing speculative risks and lack of practical use cases. The Milken Institute supports the draft but suggests adding consumer protections and financial inclusion standards. This draft marks a step toward regulatory clarity for the crypto market.$SOL
#FOMCMeeting
$XRP
