Bipartisan Bitcoin Bills to Step up Consumer Protection in the U.S.



Two United States congressmen have introduced two pieces of legislation to help prevent alleged cryptocurrency price manipulation while aiming to position the U.S. at the forefront of innovation within the digital asset industry.

Also read: Chilean Court Rules in Favor of Closing Bank Accounts of Crypto Exchange Orionx

Protection From Price Manipulation

The Virtual Currency Consumer Protection Act of 2018 and the U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018 task U.S. financial regulators with researching means to protect retail investors from price manipulation, while staking the global economic powerhouse’s share in the evolving financial technology.

Bipartisan Bitcoin Bills to Step up Consumer Protection in the U.S.
Darren Soto

In a joint statement, congressmen Darren Soto, a democrat, and republican Ted Budd approvingly noted the potential of virtual currencies, and the technology that powers them, to facilitate economic growth as well as the need for security guarantees for users.

The lawmakers pointed out the…



Read Full Story : Bitcoin News

2018-12-08 07:12:45

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