US House passes market structure bill to regulate the crypto industry

BUCKLE UP, CRYPTO! THE US HOUSETAKES A STEP TOWARDS REGULATION.

 

Imagine this: You’re ata wild west gold rush, but instead of panning for gold, you’re tradingsomething called crypto currency. It’s exciting, there’s a ton of potential,but things can get a little...well, chaotic . That’s kind of how the cryptoworld has been lately.

But hold on to yourmining hats! The US House of Representatives just passed a bill called theFinancial Innovation and Technology for the 21st Century Act (FIT21)  that aims to bring some much-needed rules tothe crypto party.  This is a big deal,and according to our advisor, Adv. Yogesh Pandey, it could be a game-changerfor the entire crypto sector.

So, what does FIT21mean for you? Here’s a breakdown for the crypto-curious:

* Think of it as arulebook for the crypto saloon.  FIT21establishes clear guidelines for crypto businesses, making things moretransparent and accountable. This means you’ll have a better idea of who you’redealing with when you buy or sell crypto currencies.

* Safer rides forcrypto explorers. The bill includes measures to crack down on money launderingand fraud.  Think of it as havingmarshals patrolling the crypto frontier to keep things fair and safe.

* Protecting yourhard-earned gold.  FIT21 prioritizesinvestor protection. This means there could be safeguards in place to help youmake informed decisions and potentially minimize risks.

Now, FIT21 still needsto pass the Senate before it becomes law. ? But this voteby the House is a significant step towards bringing more order and stability tothe exciting, yet sometimes unpredictable, world of crypto currency.

·      Remember, this is just the beginning!Stay tuned for further updates as the crypto landscape continues toevolve. 

https://www.theblock.co/post/296115/us-house-passes-market-structure-bill-to-regulate-the-crypto-industry

 

Adv. Anshita Sahu

+91-9785028866

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