What happens if Bitcoin, Ether and XRP are declared “Auxiliary Assets”?
Projects with central entities (Ripple, Solana) will face dissemination costs. Bitcoin’s decentralized nature would exempt it from the toughest compliance loads. The United States Senate Banking Committee announced a draft to discuss the responsible financial innovation proposal (RFI Law), a legislative project aimed at regulating the infrastructure of the Bitcoin market and cryptocurrencies. This project…
