US lawmaker calls for info from Treasury and SEC on crypto market structure bill

1. US lawmaker calls for info from Treasury and SEC on crypto market structure bill The article talks about a call from a US lawmaker,Representative Bill Foster,to the Treasury and the Securities and Exchange Commission (SEC) to gather insights on the crypto market. He is interested in the market structure,citing its efficiency,the level of competition,and the role of regulation to address possible manipulation and fraud. The goal of the effort is to draft a crypto regulation bill that provides a well-defined market structure that fosters innovation and progress.

2. Manipulation and fraud in the crypto market The article highlights the issue of manipulating the crypto market and fraudulent activities in the space. The representative Bill Foster believes that the regulation is a crucial factor in the fight against such practices. By regulating cryptocurrencies,lawmakers and regulators can identify illicit operations more comprehensively and deter operations that make use of cryptocurrency for illegal purposes.

3. Security The article mentions the increasing threat to security in the crypto market space. Developments that increase the risk of hacking and cyber theft pose a significant threat to the digital assets. Representative Bill Foster proposed the drafting of a crypto regulation bill to provide a well-defined market structure that provides adequate cybersecurity measures. These measures would help create a secure environment that encourages innovation,competitiveness,and ethical practices.



source https://titdoi.com/news/US-lawmaker-calls-for-info-from-Treasury-and-SEC-on-crypto-market-structure-bill