April 26, 2024

US Senate Cryptocurrency Regulation Bill

US Senate Cryptocurrency Regulation Bill

Republican Senator Cynthia Lummis of Wyoming, one of the main supporters of the crypto industry inCongress plans to submit a comprehensive bill next year that will cover everything from digital asset taxation and classification to consumer protection.

If the bill is passed, regulatingauthorities will receive clear guidance on asset classifications, consumer protection, and stablecoin regulation. A new organization will also be created to oversee the digital asset market under the concurrent jurisdiction of the Commodity Futures Trading Commission and the Securities and Exchange Commission.

Member of the Senate Banking Committee Lummisis viewed by industry participants as a key protector of the cryptocurrency, in which, among other things, it invests its personal funds. In October, she announced the purchase of bitcoins in a year in the amount of $ 50,001 to $ 100,000.

In addition, she joined the growing number ofUS politicians who accept cryptocurrency campaign donations. Thanks to the collaboration with Bitpay, Bitcoin contributions are accepted on its website.

The bill has a difficult journey through the Senate, which is equally divided, with one half having a clear bias against cryptocurrencies.

Where is it more profitable to buy cryptocurrency? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposits and withdrawals of funds inrubles, hryvnias, dollars and euros.

The reliability of the site is primarily determinedtrading volume and number of users. By all key metrics, the largest cryptocurrency exchange in the world is Binance. Binance is also the most popular crypto exchange in Russia and the CIS, since it has the largest cash turnover and supports transfers in rubles from bank cardsVisa / MasterCardand payment systemsQIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.4
3 Exmo https://exmo.me 6.9
4 OKEx https://okex.com 6.5
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability— stability of access to all functions of the platform, including uninterrupted trading, deposits and withdrawals of funds, as well as the duration of the market and daily trading volume.
  • Commissions– the amount of commission for trading operations within the platform and withdrawal of assets.
  • Additional features and services— futures, options, staking, NFT marketplace.
  • Feedback and support– we analyze user reviews and the quality of technical support.
  • Convenience of the interface– we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade– the average number of points for all indicators determines the place in the ranking.

US Senate Cryptocurrency Regulation Bill

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