Photo: Phongphan Supphakank via Adobe Stock Crypto Legislation: There Oughta Be a Law (Just One)
In June, a bipartisan bill titled "The Responsible Financial Innovation Act" was introduced in the Senate as an attempt to define, regulate, or exclude from regulation the $2 trillion cryptocurrency market. This article summarizes the proposed legislation and concludes with a scorecard of pending initiatives.
July 26, 2022 at 10:00 AM
9 minute read
In June, a bipartisan bill was introduced in the Senate to take its place among the sundry other congressional attempts to define, regulate, or exclude from regulation the $2 trillion cryptocurrency market. Titled "The Responsible Financial Innovation Act," the bill targets a great many things but gives little indication of unique advancement in Congress. Nonetheless, its very breadth invites scrutiny as a start down the road of possible legislative cure for a wildly volatile and perplexing cyberspace market.
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