US Senator’s Bill in Favor of Cryptocurrency Exchanges

US Senator Bill Hagerty has introduced a new bill to prevent cryptocurrency exchanges from facing legal action before listing unregistered assets.

The bill, presented by US Senator Bill Hagerty, Securities and Exchange Commission (SEC) in enforcement actions against crypto exchanges that list tokens considered unregistered securities by a two-year grace period will give. However, if the bill is passed, crypto exchanges do not register with a brokerage firm or national stock exchange during the grace period. will not be subject to legal action specified.

The SEC currently coinbasetraded in nine cryptocurrencies It is known that he continues to investigate in terms of their legal status. According to this new bill, which appears to be in favor of cryptocurrency exchanges, “securitiesExchanges that list tokens designated as ” will have to register as national securities exchanges. Likewise, if the SEC designates one of these tokens as security, exchanges will also have to make agreements with other intermediary vendors or banks to avoid service interruptions on the token.

of the bill September 30It is expected to be announced to the US public in the evening.

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