I'm posting this in news as so many domainers here buy/sell crypto as well as accepting it as a payment form.
Way back, a good friend in tech offered to build me a computer for bitcoin mining...I told him to check his circuits. Had I done so, I'd be driving a new Vette/Ferrari on my way to my paid for beach house for Memorial Day.
I missed that boat, but there will be lots of opportunities for wins (and losses) if this get all the way through the process. What say you?
(Reuters) - The U.S. House of Representatives on Wednesday passed a bill that aims to create a new legal framework for digital currencies, despite an unusual warning from the U.S. securities regulator it could create new financial risks.
The Republican-sponsored Financial Innovation and Technology for the 21st Century Act passed in a bipartisan 279-136 vote. It is not clear if the Senate will take up the measure.
The bill's supporters in the U.S. Congress argue that the bill will provide regulatory clarity and help promote the industry's growth.
The House approval comes as the U.S. Securities and Exchange Commission (SEC) signals that it will likely approve applications for spot ether exchange-trade funds in a surprising boost to the industry.
But SEC Chair Gary Gensler said in a statement that the bill "would create new regulatory gaps and undermine decades of precedent regarding the oversight of investment contracts, putting investors and capital markets at immeasurable risk."
The bill was backed by crypto supporters and industry organizations who have long viewed Gensler's SEC as an impediment to the wider adoption of digital assets.
Noting high-profile prosecutions, fraud cases, bankruptcies and failures, Gensler has maintained that cryptocurrencies should be subject to the same laws as other assets.
more...
https://www.msn.com/en-us/money/mar...rnings-from-sec/ar-BB1mSGGS?ocid=BingNewsSerp
Way back, a good friend in tech offered to build me a computer for bitcoin mining...I told him to check his circuits. Had I done so, I'd be driving a new Vette/Ferrari on my way to my paid for beach house for Memorial Day.
I missed that boat, but there will be lots of opportunities for wins (and losses) if this get all the way through the process. What say you?
US House passes crypto bill despite warnings from SEC
(Reuters) - The U.S. House of Representatives on Wednesday passed a bill that aims to create a new legal framework for digital currencies, despite an unusual warning from the U.S. securities regulator it could create new financial risks.
The Republican-sponsored Financial Innovation and Technology for the 21st Century Act passed in a bipartisan 279-136 vote. It is not clear if the Senate will take up the measure.
The bill's supporters in the U.S. Congress argue that the bill will provide regulatory clarity and help promote the industry's growth.
The House approval comes as the U.S. Securities and Exchange Commission (SEC) signals that it will likely approve applications for spot ether exchange-trade funds in a surprising boost to the industry.
But SEC Chair Gary Gensler said in a statement that the bill "would create new regulatory gaps and undermine decades of precedent regarding the oversight of investment contracts, putting investors and capital markets at immeasurable risk."
The bill was backed by crypto supporters and industry organizations who have long viewed Gensler's SEC as an impediment to the wider adoption of digital assets.
Noting high-profile prosecutions, fraud cases, bankruptcies and failures, Gensler has maintained that cryptocurrencies should be subject to the same laws as other assets.
more...
https://www.msn.com/en-us/money/mar...rnings-from-sec/ar-BB1mSGGS?ocid=BingNewsSerp
