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Congressional Bombshell: New Bill Aims to Strip SEC’s Authority Over Major Cryptocurrencies
Congressional Bombshell: New Bill Aims to Strip SEC’s Authority Over Major Cryptocurrencies
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Washington shakes as lawmakers propose radical market restructuring—Bitcoin and Ethereum could escape regulatory purview.
Subheader: The ’Hands-Off Our Blockchain’ Act
The draft legislation would reclassify top-cap digital assets as commodities, effectively neutering the SEC’s ability to police the crypto elite. Market veterans whisper this could trigger a 2021-style frenzy—just as Wall Street finishes dumping its bags.
Closing jab: Another masterclass in regulatory arbitrage, brought to you by the same institutions that still can’t define a security after 15 years.
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