A Republican senator has introduced new legislation that would shield crypto exchange platforms from some SEC enforcement proceedings.
According to a recent news release, Tennessee Representative Bill Hagerty is proposing the Digital Certainty Act of 2022 to protect cryptocurrency exchanges from SEC overreach and give legislative clarity about the classification of virtual assets.
Haggerty asserts that legislative uncertainty impedes the growth of the crypto sector by making investment and job creation difficult for US-based crypto enterprises.
As stated in a press release by Haggerty, the current lack of regulatory clarity for digital assets presents entrepreneurs and businesses with a choice: navigate the significant regulatory ambiguity in the US, or move overseas to markets with clear digital asset regulations.
‘Enforcement 40’ for 2020
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