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The US Senate has introduced a bill to regulate the crypto market. 👇 This bill includes the following key points:
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Classification of digital assets: BTC, ETH, and other major altcoins will be under the supervision of the CFTC (Commodity Futures Trading Commission), putting an end to the years-long "jurisdiction war" with the SEC.
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Developer Protection: Blockchain developers and infrastructure providers will not be considered money transmitters or brokers, thus gaining legal protection.
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Transparency and Fairness: A new "Digital Assets Retail Office" will be established within the CFTC to protect investors.
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Global Standards: The law requires cooperation with foreign regulators, laying the foundation for global digital asset standards eagerly awaited by major investors. After its adoption,
Once the law is passed, the CFTC will become the primary cryptocurrency regulator providing clarity for spot markets, exchanges, and derivatives.