The draft legislation aims to redefine regulatory expectations by excluding staking and airdrops from securities laws. Senators Tim Scott, Cynthia Lummis, and others advocate for modernization of financial regulations, aligning with Kentucky’s similar legislative efforts.
As Ethereum (ETH) trades at 4,328.66 USD, the prospective regulatory framework could foster greater confidence among investors, impacting the DeFi landscape positively. The legislative efforts promise streamlined regulations that reflect cryptocurrency’s growth trajectory.
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