The regulation of over 19,764 cryptocurrencies could soon have more precise regulation – the first of its kind since the introduction of Bitcoin in 2009.
Bipartisan Legislation called the Responsible Financial Innovation Act was introduced on Tuesday by Senators Kirsten Gillibrand and Cynthis Lummis.
Lummis stated it would create “regulatory clarity for agencies charged with supervising digital asset markets, provide a strong, tailored regulatory framework for stablecoins, and integrate digital assets into our existing tax and banking laws.”
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