The Node The biggest crypto news and ideas of the day. New legislation would grant digital-asset issuers an exemption from securities laws if they meet certain conditions and would exclude digital commodities and payment stablecoins from the definition of a security under the securities laws, among many other provisions. First Mover The latest moves in crypto markets, in context. Their discussion draft of legislation seeks to delineate agencies’ jurisdiction over certain digital assets and “strike the appropriate balance between consumer protection and encouraging responsible innovation,” McHenry said in a news release. The legislation was co-authored by Glenn Thompson, R-Penn., chairman of the House Committee on Agriculture. Name Reason Chosen Market Cap Link to Buy Decentraland: Best NFT for 3D Immersive Experiences: 5.5 billion: Learn More: Sandbox: Top NFT for Building Voxel NFT Games: 4.47 billion: Learn More: Axie Infinity: Best NFT for Gaming: 3. Patrick McHenry, R-N.C., who chairs the pane. The most viable piece of legislation sits in the House Financial Services Committee, spearheaded by Rep. Yellen said Wednesday that she sees “some holes in the system where additional regulation I think would be appropriate and we would like to work with Congress to see additional legislation passed.”Ĭrypto lobbyists now believe that those laws are more urgently needed to stop the SEC from moving forward with its lawsuits. Several bills were introduced last year by Democrats and Republicans that would have put crypto under the authority of the Commodity Futures Trading Commission and made other products, including stable coins, more legitimate by standardizing what assets those products could hold. Despite the increased scrutiny from regulators, the crypto industry was expecting Congress to eventually intervene and help legitimize the industry through new laws.

Top 40 crypto coins