However, the proposal adds that the regulated entity should explain how they operate and prove to the regulating agency that they are decentralized and no single person controls more than 20%. <\/p>\n\n\n\n
\"For months, our committees have worked collaboratively to establish a viable regulatory framework for digital assets necessary to protect consumers and promote American innovation,\"<\/em> said Chairman Thompson. \"Today\u2019s release of the discussion draft brings us one step closer to bringing regulatory uncertainty to these novel and emerging technologies.\" <\/em><\/p>\n\n\n\n However, as of Friday, the draft bill had not received the support of the Democrats and would need the support of the Senate to pass.<\/p>\n","post_title":"US Top Legislators Propose Bill To Provide \u2018Clear Rules\u2019 For Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-top-legislators-propose-bill-to-provide-clear-rules-for-crypto","to_ping":"","pinged":"","post_modified":"2023-06-04 14:24:33","post_modified_gmt":"2023-06-04 04:24:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11867","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
On the controversial question of whether an asset is a security or a commodity: the discussion draft provides that the regulated entity makes the case. There has been a long-standing tussle between the SEC<\/a> and the CFTC<\/a> on who should regulate what in the sector. <\/p>\n\n\n\n However, the proposal adds that the regulated entity should explain how they operate and prove to the regulating agency that they are decentralized and no single person controls more than 20%. <\/p>\n\n\n\n \"For months, our committees have worked collaboratively to establish a viable regulatory framework for digital assets necessary to protect consumers and promote American innovation,\"<\/em> said Chairman Thompson. \"Today\u2019s release of the discussion draft brings us one step closer to bringing regulatory uncertainty to these novel and emerging technologies.\" <\/em><\/p>\n\n\n\n However, as of Friday, the draft bill had not received the support of the Democrats and would need the support of the Senate to pass.<\/p>\n","post_title":"US Top Legislators Propose Bill To Provide \u2018Clear Rules\u2019 For Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-top-legislators-propose-bill-to-provide-clear-rules-for-crypto","to_ping":"","pinged":"","post_modified":"2023-06-04 14:24:33","post_modified_gmt":"2023-06-04 04:24:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11867","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
On the controversial question of whether an asset is a security or a commodity: the discussion draft provides that the regulated entity makes the case. There has been a long-standing tussle between the SEC<\/a> and the CFTC<\/a> on who should regulate what in the sector. <\/p>\n\n\n\n However, the proposal adds that the regulated entity should explain how they operate and prove to the regulating agency that they are decentralized and no single person controls more than 20%. <\/p>\n\n\n\n \"For months, our committees have worked collaboratively to establish a viable regulatory framework for digital assets necessary to protect consumers and promote American innovation,\"<\/em> said Chairman Thompson. \"Today\u2019s release of the discussion draft brings us one step closer to bringing regulatory uncertainty to these novel and emerging technologies.\" <\/em><\/p>\n\n\n\n However, as of Friday, the draft bill had not received the support of the Democrats and would need the support of the Senate to pass.<\/p>\n","post_title":"US Top Legislators Propose Bill To Provide \u2018Clear Rules\u2019 For Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-top-legislators-propose-bill-to-provide-clear-rules-for-crypto","to_ping":"","pinged":"","post_modified":"2023-06-04 14:24:33","post_modified_gmt":"2023-06-04 04:24:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11867","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
\"This discussion draft is the first step toward delivering on Republicans\u2019 commitment to develop clear rules of the road for the digital assets ecosystem,\"<\/em> commented Chairman Mc-Henry. \"Our goal is to strike the appropriate balance between consumer protection and encourage responsible innovation.\"<\/em><\/p>\n\n\n\n On the controversial question of whether an asset is a security or a commodity: the discussion draft provides that the regulated entity makes the case. There has been a long-standing tussle between the SEC<\/a> and the CFTC<\/a> on who should regulate what in the sector. <\/p>\n\n\n\n However, the proposal adds that the regulated entity should explain how they operate and prove to the regulating agency that they are decentralized and no single person controls more than 20%. <\/p>\n\n\n\n \"For months, our committees have worked collaboratively to establish a viable regulatory framework for digital assets necessary to protect consumers and promote American innovation,\"<\/em> said Chairman Thompson. \"Today\u2019s release of the discussion draft brings us one step closer to bringing regulatory uncertainty to these novel and emerging technologies.\" <\/em><\/p>\n\n\n\n However, as of Friday, the draft bill had not received the support of the Democrats and would need the support of the Senate to pass.<\/p>\n","post_title":"US Top Legislators Propose Bill To Provide \u2018Clear Rules\u2019 For Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-top-legislators-propose-bill-to-provide-clear-rules-for-crypto","to_ping":"","pinged":"","post_modified":"2023-06-04 14:24:33","post_modified_gmt":"2023-06-04 04:24:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11867","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The discussion draft aims to enable digital asset platforms to register in the US with the SEC, allowing users to trade assets, commodities, and stablecoins<\/a> in one place. Further, the draft proposes removing the ongoing enforcement actions by the two regulators, CFTC and SEC.<\/p>\n\n\n\n \"This discussion draft is the first step toward delivering on Republicans\u2019 commitment to develop clear rules of the road for the digital assets ecosystem,\"<\/em> commented Chairman Mc-Henry. \"Our goal is to strike the appropriate balance between consumer protection and encourage responsible innovation.\"<\/em><\/p>\n\n\n\n On the controversial question of whether an asset is a security or a commodity: the discussion draft provides that the regulated entity makes the case. There has been a long-standing tussle between the SEC<\/a> and the CFTC<\/a> on who should regulate what in the sector. <\/p>\n\n\n\n However, the proposal adds that the regulated entity should explain how they operate and prove to the regulating agency that they are decentralized and no single person controls more than 20%. <\/p>\n\n\n\n \"For months, our committees have worked collaboratively to establish a viable regulatory framework for digital assets necessary to protect consumers and promote American innovation,\"<\/em> said Chairman Thompson. \"Today\u2019s release of the discussion draft brings us one step closer to bringing regulatory uncertainty to these novel and emerging technologies.\" <\/em><\/p>\n\n\n\n However, as of Friday, the draft bill had not received the support of the Democrats and would need the support of the Senate to pass.<\/p>\n","post_title":"US Top Legislators Propose Bill To Provide \u2018Clear Rules\u2019 For Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-top-legislators-propose-bill-to-provide-clear-rules-for-crypto","to_ping":"","pinged":"","post_modified":"2023-06-04 14:24:33","post_modified_gmt":"2023-06-04 04:24:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11867","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The House Financial Services Committee Chairman, Patrick McHenry, and Glean Thompson, the Chair of the House Committee on Agriculture, released a discussion draft<\/a> on the statutory framework for digital assets regulations on June 2.<\/p>\n\n\n\n The discussion draft aims to enable digital asset platforms to register in the US with the SEC, allowing users to trade assets, commodities, and stablecoins<\/a> in one place. Further, the draft proposes removing the ongoing enforcement actions by the two regulators, CFTC and SEC.<\/p>\n\n\n\n \"This discussion draft is the first step toward delivering on Republicans\u2019 commitment to develop clear rules of the road for the digital assets ecosystem,\"<\/em> commented Chairman Mc-Henry. \"Our goal is to strike the appropriate balance between consumer protection and encourage responsible innovation.\"<\/em><\/p>\n\n\n\n On the controversial question of whether an asset is a security or a commodity: the discussion draft provides that the regulated entity makes the case. There has been a long-standing tussle between the SEC<\/a> and the CFTC<\/a> on who should regulate what in the sector. <\/p>\n\n\n\n However, the proposal adds that the regulated entity should explain how they operate and prove to the regulating agency that they are decentralized and no single person controls more than 20%. <\/p>\n\n\n\n \"For months, our committees have worked collaboratively to establish a viable regulatory framework for digital assets necessary to protect consumers and promote American innovation,\"<\/em> said Chairman Thompson. \"Today\u2019s release of the discussion draft brings us one step closer to bringing regulatory uncertainty to these novel and emerging technologies.\" <\/em><\/p>\n\n\n\n However, as of Friday, the draft bill had not received the support of the Democrats and would need the support of the Senate to pass.<\/p>\n","post_title":"US Top Legislators Propose Bill To Provide \u2018Clear Rules\u2019 For Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-top-legislators-propose-bill-to-provide-clear-rules-for-crypto","to_ping":"","pinged":"","post_modified":"2023-06-04 14:24:33","post_modified_gmt":"2023-06-04 04:24:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11867","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The cryptocurrency sector in the US could soon get the much-needed regulations if a proposed draft by a section of Congress is adopted.<\/p>\n\n\n\n The House Financial Services Committee Chairman, Patrick McHenry, and Glean Thompson, the Chair of the House Committee on Agriculture, released a discussion draft<\/a> on the statutory framework for digital assets regulations on June 2.<\/p>\n\n\n\n The discussion draft aims to enable digital asset platforms to register in the US with the SEC, allowing users to trade assets, commodities, and stablecoins<\/a> in one place. Further, the draft proposes removing the ongoing enforcement actions by the two regulators, CFTC and SEC.<\/p>\n\n\n\n \"This discussion draft is the first step toward delivering on Republicans\u2019 commitment to develop clear rules of the road for the digital assets ecosystem,\"<\/em> commented Chairman Mc-Henry. \"Our goal is to strike the appropriate balance between consumer protection and encourage responsible innovation.\"<\/em><\/p>\n\n\n\n On the controversial question of whether an asset is a security or a commodity: the discussion draft provides that the regulated entity makes the case. There has been a long-standing tussle between the SEC<\/a> and the CFTC<\/a> on who should regulate what in the sector. <\/p>\n\n\n\n However, the proposal adds that the regulated entity should explain how they operate and prove to the regulating agency that they are decentralized and no single person controls more than 20%. <\/p>\n\n\n\n \"For months, our committees have worked collaboratively to establish a viable regulatory framework for digital assets necessary to protect consumers and promote American innovation,\"<\/em> said Chairman Thompson. \"Today\u2019s release of the discussion draft brings us one step closer to bringing regulatory uncertainty to these novel and emerging technologies.\" <\/em><\/p>\n\n\n\n However, as of Friday, the draft bill had not received the support of the Democrats and would need the support of the Senate to pass.<\/p>\n","post_title":"US Top Legislators Propose Bill To Provide \u2018Clear Rules\u2019 For Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-top-legislators-propose-bill-to-provide-clear-rules-for-crypto","to_ping":"","pinged":"","post_modified":"2023-06-04 14:24:33","post_modified_gmt":"2023-06-04 04:24:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11867","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The cryptocurrency sector in the US could soon get the much-needed regulations if a proposed draft by a section of Congress is adopted.<\/p>\n\n\n\n The House Financial Services Committee Chairman, Patrick McHenry, and Glean Thompson, the Chair of the House Committee on Agriculture, released a discussion draft<\/a> on the statutory framework for digital assets regulations on June 2.<\/p>\n\n\n\n The discussion draft aims to enable digital asset platforms to register in the US with the SEC, allowing users to trade assets, commodities, and stablecoins<\/a> in one place. Further, the draft proposes removing the ongoing enforcement actions by the two regulators, CFTC and SEC.<\/p>\n\n\n\n \"This discussion draft is the first step toward delivering on Republicans\u2019 commitment to develop clear rules of the road for the digital assets ecosystem,\"<\/em> commented Chairman Mc-Henry. \"Our goal is to strike the appropriate balance between consumer protection and encourage responsible innovation.\"<\/em><\/p>\n\n\n\n On the controversial question of whether an asset is a security or a commodity: the discussion draft provides that the regulated entity makes the case. There has been a long-standing tussle between the SEC<\/a> and the CFTC<\/a> on who should regulate what in the sector. <\/p>\n\n\n\n However, the proposal adds that the regulated entity should explain how they operate and prove to the regulating agency that they are decentralized and no single person controls more than 20%. <\/p>\n\n\n\n \"For months, our committees have worked collaboratively to establish a viable regulatory framework for digital assets necessary to protect consumers and promote American innovation,\"<\/em> said Chairman Thompson. \"Today\u2019s release of the discussion draft brings us one step closer to bringing regulatory uncertainty to these novel and emerging technologies.\" <\/em><\/p>\n\n\n\n However, as of Friday, the draft bill had not received the support of the Democrats and would need the support of the Senate to pass.<\/p>\n","post_title":"US Top Legislators Propose Bill To Provide \u2018Clear Rules\u2019 For Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-top-legislators-propose-bill-to-provide-clear-rules-for-crypto","to_ping":"","pinged":"","post_modified":"2023-06-04 14:24:33","post_modified_gmt":"2023-06-04 04:24:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11867","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The cryptocurrency sector in the US could soon get the much-needed regulations if a proposed draft by a section of Congress is adopted.<\/p>\n\n\n\n The House Financial Services Committee Chairman, Patrick McHenry, and Glean Thompson, the Chair of the House Committee on Agriculture, released a discussion draft<\/a> on the statutory framework for digital assets regulations on June 2.<\/p>\n\n\n\n The discussion draft aims to enable digital asset platforms to register in the US with the SEC, allowing users to trade assets, commodities, and stablecoins<\/a> in one place. Further, the draft proposes removing the ongoing enforcement actions by the two regulators, CFTC and SEC.<\/p>\n\n\n\n \"This discussion draft is the first step toward delivering on Republicans\u2019 commitment to develop clear rules of the road for the digital assets ecosystem,\"<\/em> commented Chairman Mc-Henry. \"Our goal is to strike the appropriate balance between consumer protection and encourage responsible innovation.\"<\/em><\/p>\n\n\n\n On the controversial question of whether an asset is a security or a commodity: the discussion draft provides that the regulated entity makes the case. There has been a long-standing tussle between the SEC<\/a> and the CFTC<\/a> on who should regulate what in the sector. <\/p>\n\n\n\n However, the proposal adds that the regulated entity should explain how they operate and prove to the regulating agency that they are decentralized and no single person controls more than 20%. <\/p>\n\n\n\n \"For months, our committees have worked collaboratively to establish a viable regulatory framework for digital assets necessary to protect consumers and promote American innovation,\"<\/em> said Chairman Thompson. \"Today\u2019s release of the discussion draft brings us one step closer to bringing regulatory uncertainty to these novel and emerging technologies.\" <\/em><\/p>\n\n\n\n However, as of Friday, the draft bill had not received the support of the Democrats and would need the support of the Senate to pass.<\/p>\n","post_title":"US Top Legislators Propose Bill To Provide \u2018Clear Rules\u2019 For Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-top-legislators-propose-bill-to-provide-clear-rules-for-crypto","to_ping":"","pinged":"","post_modified":"2023-06-04 14:24:33","post_modified_gmt":"2023-06-04 04:24:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11867","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The cryptocurrency sector in the US could soon get the much-needed regulations if a proposed draft by a section of Congress is adopted.<\/p>\n\n\n\n The House Financial Services Committee Chairman, Patrick McHenry, and Glean Thompson, the Chair of the House Committee on Agriculture, released a discussion draft<\/a> on the statutory framework for digital assets regulations on June 2.<\/p>\n\n\n\n The discussion draft aims to enable digital asset platforms to register in the US with the SEC, allowing users to trade assets, commodities, and stablecoins<\/a> in one place. Further, the draft proposes removing the ongoing enforcement actions by the two regulators, CFTC and SEC.<\/p>\n\n\n\n \"This discussion draft is the first step toward delivering on Republicans\u2019 commitment to develop clear rules of the road for the digital assets ecosystem,\"<\/em> commented Chairman Mc-Henry. \"Our goal is to strike the appropriate balance between consumer protection and encourage responsible innovation.\"<\/em><\/p>\n\n\n\n On the controversial question of whether an asset is a security or a commodity: the discussion draft provides that the regulated entity makes the case. There has been a long-standing tussle between the SEC<\/a> and the CFTC<\/a> on who should regulate what in the sector. <\/p>\n\n\n\n However, the proposal adds that the regulated entity should explain how they operate and prove to the regulating agency that they are decentralized and no single person controls more than 20%. <\/p>\n\n\n\n \"For months, our committees have worked collaboratively to establish a viable regulatory framework for digital assets necessary to protect consumers and promote American innovation,\"<\/em> said Chairman Thompson. \"Today\u2019s release of the discussion draft brings us one step closer to bringing regulatory uncertainty to these novel and emerging technologies.\" <\/em><\/p>\n\n\n\n However, as of Friday, the draft bill had not received the support of the Democrats and would need the support of the Senate to pass.<\/p>\n","post_title":"US Top Legislators Propose Bill To Provide \u2018Clear Rules\u2019 For Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-top-legislators-propose-bill-to-provide-clear-rules-for-crypto","to_ping":"","pinged":"","post_modified":"2023-06-04 14:24:33","post_modified_gmt":"2023-06-04 04:24:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11867","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
ETH managed to remain above the current support at $1,838 and currently holding above the 50 EMA, suggesting an overall bullish trend. However, the price may retest these support levels if it fails to exceed the barrier of around $1,900. Technically, RSI remaining above 50 with the 50 and 100 EMA plotting bullish crossover means ETH can retest $2,000 again if it can exceed the resistance at $1,938.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Struggles To Remain Above $27K, ETH Showing Bullish Momentum Below $1,900","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-struggles-to-remain-above-27k-eth-showing-bullish-momentum-below-1900","to_ping":"","pinged":"","post_modified":"2023-06-05 12:47:26","post_modified_gmt":"2023-06-05 02:47:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11867,"post_author":"1","post_date":"2023-06-04 14:24:29","post_date_gmt":"2023-06-04 04:24:29","post_content":"\n The cryptocurrency sector in the US could soon get the much-needed regulations if a proposed draft by a section of Congress is adopted.<\/p>\n\n\n\n The House Financial Services Committee Chairman, Patrick McHenry, and Glean Thompson, the Chair of the House Committee on Agriculture, released a discussion draft<\/a> on the statutory framework for digital assets regulations on June 2.<\/p>\n\n\n\n The discussion draft aims to enable digital asset platforms to register in the US with the SEC, allowing users to trade assets, commodities, and stablecoins<\/a> in one place. Further, the draft proposes removing the ongoing enforcement actions by the two regulators, CFTC and SEC.<\/p>\n\n\n\n \"This discussion draft is the first step toward delivering on Republicans\u2019 commitment to develop clear rules of the road for the digital assets ecosystem,\"<\/em> commented Chairman Mc-Henry. \"Our goal is to strike the appropriate balance between consumer protection and encourage responsible innovation.\"<\/em><\/p>\n\n\n\n On the controversial question of whether an asset is a security or a commodity: the discussion draft provides that the regulated entity makes the case. There has been a long-standing tussle between the SEC<\/a> and the CFTC<\/a> on who should regulate what in the sector. <\/p>\n\n\n\n However, the proposal adds that the regulated entity should explain how they operate and prove to the regulating agency that they are decentralized and no single person controls more than 20%. <\/p>\n\n\n\n \"For months, our committees have worked collaboratively to establish a viable regulatory framework for digital assets necessary to protect consumers and promote American innovation,\"<\/em> said Chairman Thompson. \"Today\u2019s release of the discussion draft brings us one step closer to bringing regulatory uncertainty to these novel and emerging technologies.\" <\/em><\/p>\n\n\n\n However, as of Friday, the draft bill had not received the support of the Democrats and would need the support of the Senate to pass.<\/p>\n","post_title":"US Top Legislators Propose Bill To Provide \u2018Clear Rules\u2019 For Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-top-legislators-propose-bill-to-provide-clear-rules-for-crypto","to_ping":"","pinged":"","post_modified":"2023-06-04 14:24:33","post_modified_gmt":"2023-06-04 04:24:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11867","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
The resistance at $1,928 has come into play, blocking Ethereum's price from making additional increases. This occurs as sell-stop orders placed by investors lock in profits at that price.<\/p>\n\n\n\n ETH managed to remain above the current support at $1,838 and currently holding above the 50 EMA, suggesting an overall bullish trend. However, the price may retest these support levels if it fails to exceed the barrier of around $1,900. Technically, RSI remaining above 50 with the 50 and 100 EMA plotting bullish crossover means ETH can retest $2,000 again if it can exceed the resistance at $1,938.<\/p>\n","post_title":"Bitcoin And Ethereum Technical Analysis: BTC Struggles To Remain Above $27K, ETH Showing Bullish Momentum Below $1,900","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"bitcoin-and-ethereum-technical-analysis-btc-struggles-to-remain-above-27k-eth-showing-bullish-momentum-below-1900","to_ping":"","pinged":"","post_modified":"2023-06-05 12:47:26","post_modified_gmt":"2023-06-05 02:47:26","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11887","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":11867,"post_author":"1","post_date":"2023-06-04 14:24:29","post_date_gmt":"2023-06-04 04:24:29","post_content":"\n The cryptocurrency sector in the US could soon get the much-needed regulations if a proposed draft by a section of Congress is adopted.<\/p>\n\n\n\n The House Financial Services Committee Chairman, Patrick McHenry, and Glean Thompson, the Chair of the House Committee on Agriculture, released a discussion draft<\/a> on the statutory framework for digital assets regulations on June 2.<\/p>\n\n\n\n The discussion draft aims to enable digital asset platforms to register in the US with the SEC, allowing users to trade assets, commodities, and stablecoins<\/a> in one place. Further, the draft proposes removing the ongoing enforcement actions by the two regulators, CFTC and SEC.<\/p>\n\n\n\n \"This discussion draft is the first step toward delivering on Republicans\u2019 commitment to develop clear rules of the road for the digital assets ecosystem,\"<\/em> commented Chairman Mc-Henry. \"Our goal is to strike the appropriate balance between consumer protection and encourage responsible innovation.\"<\/em><\/p>\n\n\n\n On the controversial question of whether an asset is a security or a commodity: the discussion draft provides that the regulated entity makes the case. There has been a long-standing tussle between the SEC<\/a> and the CFTC<\/a> on who should regulate what in the sector. <\/p>\n\n\n\n However, the proposal adds that the regulated entity should explain how they operate and prove to the regulating agency that they are decentralized and no single person controls more than 20%. <\/p>\n\n\n\n \"For months, our committees have worked collaboratively to establish a viable regulatory framework for digital assets necessary to protect consumers and promote American innovation,\"<\/em> said Chairman Thompson. \"Today\u2019s release of the discussion draft brings us one step closer to bringing regulatory uncertainty to these novel and emerging technologies.\" <\/em><\/p>\n\n\n\n However, as of Friday, the draft bill had not received the support of the Democrats and would need the support of the Senate to pass.<\/p>\n","post_title":"US Top Legislators Propose Bill To Provide \u2018Clear Rules\u2019 For Crypto","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"closed","post_password":"","post_name":"us-top-legislators-propose-bill-to-provide-clear-rules-for-crypto","to_ping":"","pinged":"","post_modified":"2023-06-04 14:24:33","post_modified_gmt":"2023-06-04 04:24:33","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=11867","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};
Classification Of Digital Assets<\/h2>\n\n\n\n
Classification Of Digital Assets<\/h2>\n\n\n\n
Classification Of Digital Assets<\/h2>\n\n\n\n
Classification Of Digital Assets<\/h2>\n\n\n\n
Classification Of Digital Assets<\/h2>\n\n\n\n
Classification Of Digital Assets<\/h2>\n\n\n\n
Classification Of Digital Assets<\/h2>\n\n\n\n
\n
Classification Of Digital Assets<\/h2>\n\n\n\n
\n
Classification Of Digital Assets<\/h2>\n\n\n\n
\n
Classification Of Digital Assets<\/h2>\n\n\n\n