Breaking Down The New US Senate Crypto Bill Crypto

Breaking Down The New US Senate Crypto Bill | Crypto News

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Breaking Down The New US Senate Crypto Bill | Crypto News

In this video, I talk about the recently introduced US Senate Crypto Bill called the Lummis-Gillibrand Responsible Financial Innovation Act or RFIA for short. The bipartisan bill was proposed by Senator Cynthia M. Lummis a republican from Wyoming and Kirsten Gillibrand a New York Democrat, hence the name.

The new bill introduces new regulations, definitions, and clear guidelines for cryptocurrencies within the United States. Most of which would be regulated under the CFTC rather than the SEC if this bill were to pass in or close to its current state.

What were your thoughts on the new crypto bill?

Bitcoin News | Crypto News | Crypto Regulation

▬▬ Reference links and codes ▬▬▬▬▬▬▬▬

RFIA Section-by-Section Overview:
https://www.lummis.senate.gov/wp-content/uploads/Lummis-Gillibrand-Section-by-Section-Final.pdf

Full leaked Document:
https://twitter.com/bot_slam/status/1533973084889403392

Coindesk Article:
https://www.coindesk.com/policy/2022/06/07/key-us-senators-introduce-bill-outlining-sweeping-plan-for-future-crypto-rules/

Washington Post Article:
https://www.washingtonpost.com/business/2022/06/07/crypto-lummis-gillibrand-regulation/

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▬▬ Background Music ▬▬▬▬▬▬▬▬▬▬▬▬

Chill Vibes – Cloudscape

▬▬ Legal Disclaimers ▬▬▬▬▬▬▬▬▬▬▬▬

Some images, videos, and other graphics used in the video were not created by me and therefore belong to their respective owners and I and by extension, this channel, do not claim any right to them.

Copyright Disclaimer under Section 107 of the Copyright Act of 1976, allowance is made for “fair use” for purposes such as criticism, comment, news reporting, teaching, scholarship, education and research. Fair use is a use permitted by copyright statute that might otherwise be infringing.

Disclaimer: I am not currently a licensed financial professional. The videos produced on this channel should not be taken as financial advice. Nothing mentioned in my videos is intended to be a recommendation to purchase or sell any form of assets. Please consult with a licensed financial professional for any form of financial advice. I am not liable for any losses that you may incur from following any form of advice or information given in this video. Please do your own research before investing and trading in any form of assets mentioned here or elsewhere, in order to take full responsibility for your own financial decisions and future returns.

▬▬ Hashtags ▬▬▬▬▬▬▬▬▬▬▬▬▬▬▬

​ #cryptonews #crypto #bitcoin

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6 comments

  1. Generation Crypto

    What is your favorite and least favorite aspect of the newly proposed bill?

  2. Thomas Heisler Enhanced 3D Wizard

    thabks for the info, but i think the $200 will go up alot, bevause i think the politians hold alot and they will do what in their best interest

  3. I like the red beard 😉

  4. honestly great breakdown. easy to follow

  5. Thnx brother for the info

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