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Cryptocurrency continues to be in the spotlight and calls for cryptocurrency market regulation have accelerated following the collapse of FTX and other recent highprofile matters.
The Digital Asset Market Structure "(DAMS") discussion draft bill attempts to provide regulatory clarity on crucial blockchain industry issues.
While DAMS appears to be a well-intentioned and thoroughly reasoned approach to a functional digital asset framework in the US, it is still in its very early stages in the legislative process, and it is possible that it will not get passed as a law.
The partisan division over crypto persists. While some lawmakers believe there’s no workable framework for crypto in the U.S., others are sure the existing regulation is enough.
Cryptocurrencies are trading in mildly negative territory early on Thursday, amidst mixed inflation readings from the U.S. and deflation indications from China..