US Lawmakers Warn Crypto Regulation Could Be Years-Long Process Despite Increased Funding
Portfolio Pulse from Murtuza Merchant
US lawmakers warn that crypto regulation could take years to implement, even with increased funding. CFTC Chair Rostin Behnam emphasized the time-consuming nature of developing and implementing digital asset rules. The CFTC is pushing for a 10% increase in its annual funding to help regulate digital asset spot markets effectively.
June 06, 2023 | 8:03 pm
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NEUTRAL IMPACT
Crypto regulation in the US could take years to implement, potentially affecting Bitcoin's market.
The lengthy process of implementing crypto regulation in the US could create uncertainty in the market, potentially affecting Bitcoin's price. However, the impact is not immediate and could be influenced by other factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Crypto regulation in the US could take years to implement, potentially affecting Celsius's market.
The lengthy process of implementing crypto regulation in the US could create uncertainty in the market, potentially affecting Celsius's price. However, the impact is not immediate and could be influenced by other factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Crypto regulation in the US could take years to implement, potentially affecting Ethereum's market.
The lengthy process of implementing crypto regulation in the US could create uncertainty in the market, potentially affecting Ethereum's price. However, the impact is not immediate and could be influenced by other factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Crypto regulation in the US could take years to implement, potentially affecting FTX's market.
The lengthy process of implementing crypto regulation in the US could create uncertainty in the market, potentially affecting FTX's price. However, the impact is not immediate and could be influenced by other factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Crypto regulation in the US could take years to implement, potentially affecting Terra-Luna's market.
The lengthy process of implementing crypto regulation in the US could create uncertainty in the market, potentially affecting Terra-Luna's price. However, the impact is not immediate and could be influenced by other factors.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50