Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &

Tangem Wallet Pack of 2 - Secure Crypto Wallet - Trusted Cold Storage for Bitcoin, Ethereum, NFT's &
Key item features Ultimate Security: Generates a private key that remains on the card, safeguarding crypto and NFTs from hackers with EAL6+ certification and audited firmware. Versatile Compatibility: Manages over 13,000 tokens across 70+ blockchains, supporting DeFi, NFTs, and DeEx without wires, Bluetooth, or USB. Effortless Operation: Utilizes NFC for secure transactions via a mobile device and the Tangem app, enabling buying and selling crypto with various payment methods. Smart Backup: Features a second Tangem Wallet as a backup, eliminating the need for paper, pictures, or seed phrases for recovery. Durable Design: Boasts IP68 protection against environmental conditions, ensuring longevity and robust physical security. Comprehensive Support: Compatible with Bitcoin, Ethereum, Solana, XRP, USDT, and over 6,000 cryptocurrencies, integrating with dApps and WalletConnect.

LBANK

LBANK

Crypto Regulation In The Spotlight: U.S. House Committee Prepares For Key Vote

The U.S. House Financial Services Committee is set to vote on new legislation regulating digital assets, including cryptocurrencies and stablecoins. The proposals are scheduled to be debated in the second week of July.

As the US regulatory agencies continue to grapple with regulatory uncertainty in the crypto industry, several Republican leaders have introduced bill drafts aimed at providing much-needed regulatory clarity.

The regulatory landscape for crypto assets in the US has been murky and confusing, with several agencies claiming jurisdiction over the space. This has led to a lack of clarity and certainty for investors and businesses, hindering the industry’s growth.

To address these issues, Republican leaders have introduced bill drafts to provide a regulatory framework for the crypto ecosystem. 

Crypto Goes To Washington

The House Financial Services and Agriculture Committees have already released on June 2nd a discussion draft of legislation aimed at regulating digital assets and providing a statutory framework for digital asset regulation. The legislation is intended to provide clarity, fill regulatory gaps, and foster innovation while providing adequate consumer protections.

The proposed legislation is a joint effort between the House Financial Services and Agriculture Committees. It aims to close authority gaps between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). It also seeks to establish a viable regulatory framework for digital assets that will protect consumers and promote American innovation.

The legislation, drafted by Committee Chair Patrick McHenry and Rep. Glenn Thompson, aims to provide market structure-related provisions and lower reporting and regulatory requirements for digital assets that transition into commodities. 

However, the bills will require support from Democrats in the Senate and President Joe Biden’s signature to become law.

In addition to the proposed legislation, the Committee will debate a separate bill that calls for a comprehensive regulatory framework for stablecoins, authored by McHenry and Rep. French Hill. The bills will be subject to changes and a final vote to report them favorably from the panel.

These bills aim to prevent the US from falling behind other countries in the digital asset race. The industry can innovate and grow by providing regulatory clarity, creating jobs and economic opportunities for Americans.

Overall, the proposed legislation from the House Financial Services and Agriculture Committees could provide a more comprehensive approach to regulating digital assets, offering investors and businesses greater clarity and stability in the market. 

The committees encourage stakeholders and market participants to provide constructive feedback to help improve the legislation and ensure that America remains the leader in financial and technological innovation.

Crypto

Featured image from Unsplash, chart from TradingView.com 



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