A new draft of the 'DeFi killing' crypto bill 'secretly circulating' in Washington has now been shared online, with some suggesting it could be a 'boon' to DeFi.
A new draft of the Digital Commodities Consumer Protection Act bill has started to circulate online, with some commentary suggesting it could be positive for decentralized finance and crypto.for containing too broad a definition for a “digital commodity platform,” which “could be interpreted as a ban on decentralized finance .
Shapiro remarked on a section amending the meaning of a “digital commodity trading facility” which excluded persons who develop or publish software, commenting that it “could be a boon” to DeFi and crypto. Notably, this version contains a limited exception to the term "digital commodity trading facility" which would exclude persons who solely develop or publish software--this could be a boon to DeFi/crypto.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Developers Excluded From Broker Label in New DCCPA Bill DraftNew language added to Digital Commodities Consumer Protection Act would specifically exclude software developers from being counted as digital commodity brokers. TheSamReynolds reports
Read more »
SBF posts regulatory 'manual' for crypto and FTX, cautions against 'locking in' DeFi policySBF posts regulatory ‘manual’ for crypto and FTX, cautions against ‘locking in’ DeFi policy
Read more »
Bloomberg Crypto: How Money From Crypto Firms Is Shaping US Politics on Apple Podcasts🎧 Crypto investors are dumping money into US politics, especially ahead of November’s congressional elections. Bloomberg's bill_allison joins this episode to discuss how crypto is shaping the political landscape Apple: Spotify:
Read more »
Fintech Bill Approved and Ready to Be Sanctioned in Chile – Regulation Bitcoin NewsA fintech-related bill that seeks to bring clarity to institutions operating digital and cryptocurrency services in Chile, has been approved by the deputy chamber of congress.
Read more »
Senate committee negotiating SEC sign off on digital commodity definitionThe Senate Agriculture Committee is continuing to flesh out a bill on crypto markets regulation before the end of this Congress.
Read more »