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:

@QuantumStellarInitiative

@QuantumStellarInitiativeChat

Assets on Lobstr ✅QSI.xmint.io

http://www.QSIResources.com

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