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Interesting that they are now making a new attempt with that cryptocurrency market structure bill. This time, they have linked it to commodities, which is actually quite clever to make it easier to garner more support in the Senate.
CoinDesk reports on this, and they are quite serious about their journalistic integrity. They also have a strict policy and adhere to certain principles to ensure their reporting remains impartial. That is actually quite important in this industry where so much money and interests are involved.
The funny thing is that CoinDesk is part of Bullish, that entire institutional platform for digital assets. Bullish does a lot around market infrastructure and information services, and they also have investments in various companies in the sector. The staff at CoinDesk, including journalists, can receive equity-based rewards from Bullish.
These kinds of structural changes in how crypto is regulated could have a significant impact. Presenting this proposal through a commodities angle is strategically interesting. Watching how this develops further in the Senate.