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I'm Selling My XRP - Ripple Going Public - Crypto Bill to Stop SEC
Manage episode 365111319 series 3478004
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I'm Selling My XRP - Ripple Going Public - Crypto Bill to Stop SEC
Republican lawmakers have unveiled a draft bill aimed at providing clarity and regulation for the crypto industry. The proposed legislation defines the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) and allows digital assets to be traded on traditional platforms. Meanwhile, there has been speculation about Ripple going public, but experts suggest that it would take at least six months to prepare for an initial public offering (IPO). In other news, concerns have been raised about the lack of information regarding an alleged $18 billion tax loophole that crypto enthusiasts are exploiting. Additionally, Congressman Warren Davidson emphasizes the importance of keeping liquidity in domestic markets rather than offshore. The Securities and Exchange Commission (SEC) has also faced setbacks, as they plan to dismiss around 42 enforcement cases due to an internal data mishap. Overall, the proposed crypto bill and ongoing developments in the industry continue to shape the regulatory landscape and market dynamics.
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#XRP #Ripple #cryptocurrency #news
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