Lawmakers Propose Changes to Crypto Rules
In Washington, a group of Democratic senators have put forward new ideas to change how crypto markets are run. They want to make sure that government officials don't make money from the crypto world while they're in office. This is part of a bigger plan to make the rules for digital money clearer and more fair.
Key Proposals
- Senator Michael Bennet has a plan to stop officials from profiting from crypto. This is important because some people think that President Donald Trump has made a lot of money from a crypto platform called World Liberty Financial. Senators Elizabeth Warren and others are worried about this.
Senator Amy Klobuchar suggests waiting until a government agency, the CFTC, has all its leaders in place before the new rules start. Right now, the CFTC only has one leader, Michael Selig, and the other seats are empty. No one knows when the other leaders will be chosen.
Senators Roger Marshall, Dick Durbin, and Peter Welch want to add a rule to make credit card companies compete more fairly. They think this will be good for people who use credit cards.
Delays Due to Snowstorm
The Senate was supposed to talk about these changes on Tuesday, but they might have to delay it again because of a big snowstorm coming to Washington. This isn't the first time they've had to delay it. Last time, they argued about rules for stablecoins and other crypto things, which made a big company, Coinbase, drop out of the talks.
