'Lawmakers Say Crypto Legislation Could Come By Year-End' - Axios
Portfolio Pulse from Benzinga Newsdesk
Lawmakers are optimistic about introducing crypto legislation by the end of the year, potentially providing regulatory clarity for the industry. Key figures like Rep. Tom Emmer and Sen. Kirsten Gillibrand are pushing for bills, with a focus on CFTC oversight. However, there is criticism regarding the CFTC's capacity and the SEC's current approach.
September 19, 2024 | 2:50 pm
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POSITIVE IMPACT
Potential crypto legislation by year-end could provide regulatory clarity, impacting Bitcoin and the broader crypto market. The focus on CFTC oversight may influence market dynamics.
The introduction of crypto legislation could provide the regulatory certainty that the crypto market, including Bitcoin, has been seeking. This could positively impact Bitcoin's price as it may reduce regulatory risks.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80