Regulators Only Have Themselves to Blame for Crypto Not Being Better Regulated
The Breakdown
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Cryptocurrency Is a Decentralized and Transparent Asset and Doesn't Need to Be Regulated
Stablecoins have been on the agenda since Libra was announced in 2019. The larger industry has been a focus of Congress since summer 2020. There were debates back and forth endlessly last year about a stablecoin bill but ultimately it didn't get done. A bipartisan group of senators put together the Lummest Jilla Brand Responsible Financial Innovation Act which actually tried to address the real challenges, even thorny issues like securities designations.
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