House Bill Shows Challenge of Regulating Crypto Without Giving TradFi a Free Pass

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House Republicans Patrick McHenry and GT Thompson face a central problem drafting their crypto bill: Removing SEC discretion over whether a crypto token is a security allows issuers of traditional stocks and bonds the opportunity to arbitrage regulation, writes Todd Phillips.

Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

#ConsensusMagazine, #Opinion, #Opinion, #Republican, #TradFi, #TraditionalFinance, #Regulation, #HouseFinancialServicesCommittee, #Crypto

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