Crypto News Tonight – June 7, 2022

Proposed Crypto Bill highlights:

-Gives CFTC full power

-No tax for purchases under $200

-Asset must disclose utility = NO MORE FAKEY SCAMMY ONES WILL BE ALLOWED (may take time to implement though)

-Legal protection against exchanges with custody of assets = claimability of assets for when exchanges go through class action/bankruptcy

-Min tax reporting reqs

-“Sandbox” like pendulum, ISO20022 = allows WH flexibility to maneuver in “testing” before everything finalized

-Stablecoins 100% backed by assets = Bretton Woods 3, demise of institutional banks/decentralized banking

-Disclosure of asset sales = NO MORE MONEY LAUNDERING

Join us:



Assets on Lobstr ✅

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.