cryptocurrency brokers

According to reports, U.S. Representative Tom Emmer proposed the KIIA (Keep Innovation In America Act), which aims to reduce the compliance burden on cryptocurrency brokers. KIAA proposes to update the laws provided for in the Infrastructure Law passed in 2021. (Forbes) U.S. Representative Tom Emmer proposes a KIIA bill to reduce the compliance burden on cryptobrokers Analysis based on this information:U.S. Representative Tom Emmer has proposed the Keep Innovation in America Act, aimed at easing the compliance burden on cryptocurrency brokers. This legislation intends to update laws laid down by the Infrastructure Law passed in 2021, which imposes stricter regulations on crypto transactions. Forbes reported about Emmer’s efforts and how they may benefit the crypto industry. KIIA seeks to address issues that crypto brokers face while conducting their businesses. With the dramatic rise of cryptocurrencies, regulators have been struggling to keep up with the evolving technology. In response, they have enforced stricter laws to protect investors and combat illicit activities…

According to reports, Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), said that the revision of the stock trading rules would help promote competition and improve the transparency of trading; The payment based on order flow will bring conflicts in the transaction process and cannot balance the interests of brokers and investors; The new regulations will improve the execution of regulatory orders of cryptocurrency brokers; The SEC serves the entire American public; Every SEC proposal includes a thorough analysis of the economic situation; The so-called “zero commission” does not mean that it is really zero transaction cost. Chairman of the SEC: The new regulations will improve the execution of regulatory orders of cryptocurrency brokers Analysis based on this information:In a recent announcement, the chairman of the United States Securities and Exchange Commission (SEC), Gary Gensler, spoke about his plans to overhaul the stock trading rules in order to promote competition and improve transparency. Gensler highlighted that…

According to reports, Gensler, the chairman of the SEC, said that cryptocurrency brokers would assume the best execution responsibility.

Chairman of th…