{"id":497438,"date":"2022-10-01T09:00:00","date_gmt":"2022-10-01T06:00:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/us-senator-bill-seeks-to-cushion-crypto-exchanges-from-sec-enforcement-actions\/"},"modified":"2022-10-01T09:00:00","modified_gmt":"2022-10-01T06:00:00","slug":"us-senator-bill-seeks-to-cushion-crypto-exchanges-from-sec-enforcement-actions","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/us-senator-bill-seeks-to-cushion-crypto-exchanges-from-sec-enforcement-actions\/","title":{"rendered":"# US senator bill seeks to cushion crypto exchanges from SEC enforcement actions"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a2780d409642\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a2780d409642\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/us-senator-bill-seeks-to-cushion-crypto-exchanges-from-sec-enforcement-actions\/#%E2%80%9D_US_senator_bill_seeks_to_cushion_crypto_exchanges_from_SEC_enforcement_actions_%E2%80%9C\" >&#8221; US senator bill seeks to cushion crypto exchanges from SEC enforcement actions &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_US_senator_bill_seeks_to_cushion_crypto_exchanges_from_SEC_enforcement_actions_%E2%80%9C\"><\/span>&#8221; US senator bill seeks to cushion crypto exchanges from SEC enforcement actions &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-6ebd806f>United States Senator Bill Hagerty, a member of the Senate Banking Committee, introduced legislation seeking a safe harbor for cryptocurrency exchanges from \u201ccertain\u201d Securities and Exchange Commission (SEC) enforcement actions.<\/p>\n<p>The Digital Trading Clarity Act of 2022, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.hagerty.senate.gov\/press-releases\/2022\/09\/29\/hagerty-introduces-legislation-to-provide-crucial-regulatory-clarity-for-digital-assets\/\">introduced<\/a> by Sen. Hagerty, aims to provide regulatory clarity around two primary concerns plaguing crypto exchange establishments \u2014 (i) the classification of digital assets and (ii) related liabilities under existing securities laws. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-10\/e3619568-66bc-41b2-99d8-2782381d71df.png\"><figcaption style=\"text-align: center;\"><em>A bill to provide digital asset inter<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>ries with a safe harbor from certain enforcement actions by the Securities and Exchange Commission, and for other purposes. Source: congress.gov<\/em><\/figcaption><\/figure>\n<p>Sen. Hagerty outlined an overview of the problems amid regulatory hurdles:<\/p>\n<blockquote><p>\u201cThe current lack of regulatory clarity for digital assets presents entrepreneurs and businesses with a choice: navigate the significant regulatory ambiguity in the U.S., or move overseas to markets with clear digital asset regulations.\u201d<\/p><\/blockquote>\n<p>The aforementioned regulatory uncertainty, according to Sen. Hagerty, discourages investments in the crypto spaces and hampers job creation opportunities in the US. As a result, the blockade \u201cjeopardizes the United States\u2019 leadership in this transformational <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> at such a crucial time.\u201d<\/p>\n<p>The senator believed that the legislation, when passed, would not only provide \u201cmuch-needed certainty\u201d to crypto businesses but also improve the growth and liquidity of U.S. cryptocurrency markets.<\/p>\n<p>To establish the legislation as law, the bill needs <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>roval from the Senate, the House and the President of the United States.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>US lawmakers propose amending cybersecurity bill to include crypto firms reporting potential threats<\/em><\/strong><\/p>\n<p>Running parallel to the regulatory reforms recommended by the US senators, the federal government amped up efforts to study the feasibility of central bank digital currencies (CBDCs) in the American market. <\/p>\n<p>Under Biden\u2019s directive, the Office of <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">Science<\/a> and Technology Policy (OSTP) analyzed 18 CBDC design choices \u2014 outlining various pros and cons of each system:<\/p>\n<blockquote><p>\u201cIt is possible that the technology underpinning a permissionless approach will improve significantly over time, which might make it more suitable to be used in a CBDC system.\u201d<\/p><\/blockquote>\n<p>The technical evaluation for a U.S. CBDC system highlighted the department\u2019s inclination toward an off-ledger, hardware-protected system.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/us-senator-bill-seeks-to-cushion-crypto-exchanges-from-sec-enforcement-actions\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; US senator bill seeks to cushion crypto exchanges from SEC enforcement actions &#8220; United States Senator Bill Hagerty, a member of the Senate Banking Committee, introduced legislation seeking a safe harbor for cryptocurrency exchanges from \u201ccertain\u201d Securities and Exchange Commission (SEC) enforcement actions. The Digital Trading Clarity Act of 2022, introduced by Sen. Hagerty,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":497439,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMTAvMjhhN2FjMjYtMmU5Yy00MTdiLThhMTctYWEwOGEwZGM1NjlkLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[79786,74898,74355,70301,72692,70934,70289,67874],"class_list":["post-497438","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-digital-asset","tag-sec","tag-adoption","tag-bills","tag-legislation","tag-regulation","tag-senate","tag-united-states"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/497438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=497438"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/497438\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/497439"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=497438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=497438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=497438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}