US Lawmakers Push for Clear Crypto Regulations Amid Tornado Cash Trial
The United States Congress is actively moving towards establishing a clearer regulatory framework for digital assets. Notably, both the U.S. Senate and House of Representatives are advancing legislation designed to clarify that leading cryptocurrencies, including Bitcoin and Ether, are not to be classified as securities. This is a significant step towards reducing ambiguity in crypto regulation, which has often been a barrier for investors and issuers alike. Alongside these clarifications, the bills also propose specific disclosure requirements for token issuers to enhance transparency and protect investors.
In parallel to these legislative developments, the crypto community is closely monitoring the criminal trial of Roman Storm, co-founder of the privacy-focused platform Tornado Cash. Federal prosecutors are accusing the platform of facilitating money laundering schemes, raising critical questions about the intersection of privacy technologies and financial regulations.
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