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Weekly Crypto Regulation News: Divisions and Milestones in U.S. Policy
Weekly Crypto Regulation News: Divisions and Milestones in U.S. Policy
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BTCCSquare news:
U.S. lawmakers remain deeply divided over crypto market structure legislation, even as Wyoming launches the first state-issued stablecoin—a historic move for digital asset adoption. Senator Cynthia Lummis has set a Thanksgiving deadline for progress, while Senator Tim Scott accuses Elizabeth Warren of obstructing bipartisan efforts.
The Treasury Department is soliciting public feedback on the GENIUS Act, with SEC Chair Paul Atkins praising the legislation as groundbreaking. Financial institutions are being asked to weigh in on methods for combating illicit finance risks tied to digital assets, with cybersecurity and privacy compliance as key considerations.
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