Democrats Propose Sweeping Crypto Regulation Overhaul

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Democratic lawmakers have unveiled a comprehensive legislative framework to reshape U.S. digital asset regulation. The proposal aims to close regulatory gaps and restore confidence in the nearly $4 trillion crypto market. It grants new powers to both the CFTC and SEC while addressing concerns about political conflicts of interest.

  • Grants CFTC full jurisdiction over spot markets for digital commodities and non-security tokens, resolving regulatory ambiguity
  • Prohibits elected officials and their families from issuing or profiting from tokens while in office, addressing political conflicts of interest
  • Mandates all digital asset intermediaries serving U.S. customers to register with FinCEN and comply with anti-money laundering obligations
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