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Democrats file ethics-focused amendments to crypto market structure bill

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 119 Views

Democrats file ethics-focused amendments to crypto market structure bill

The amendments marked the latest Democratic Party-driven push to prevent US officials from profiting off of crypto interests.

US Democratic Senators working on crypto market structure legislation filed several amendments on Friday, including measures to address conflicts of interest with US officials profiting from the crypto industry.

The ethics-focused amendments were filed ahead of the Senate Agriculture Committee’s markup for the crypto market structure legislation this Tuesday, which seeks to give greater clarity on federal rules for digital assets, define agency oversight, and bring regulatory certainty to investors and market participants.

One of the most notable amendments was filed by Senator Michael Bennet, who proposed incorporating provisions from the Digital Asset Ethics Act into the crypto market structure legislation to prevent US officials from profiting from the crypto industry.

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