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The U.S. House of Representatives passed legislation on Monday that will provide long-sought-after legal clarity around how crypto assets should be classified, registered, and custodied.
“Americans want to know their representatives are protecting their rights to use crypto, creating clear rules to protect consumers, and won’t let the lack of clarity be weaponized by a few activists in the administration trying to unlawfully kill an industry,”According to one of the bill’s authors, French Hill , the legislation includes an interim oversight process for digital asset firms whereby they may file a ‘notice of intent to register’ with federal regulators as rules around how agencies...
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