Update from Stuart Alderoty, General Counsil at Ripple

[stuffie]

https://twitter.com/s_alderoty/status/1347273044818096134

 

 

[princesultan]

Yup. He’s right. They’ll come out on top. 

[jn_r]

Brad G. mentioned DCEA in one of his tweets

This is presumably the DCEA ?

https://republicans-agriculture.house.gov/uploadedfiles/summary_of_the_digital_commodity_exchange_act_of_2020_final.pdf

 

[VanGogh]

42 minutes ago, stuffie said:

https://twitter.com/s_alderoty/status/1347273044818096134

 

 

Sorry, didn't see yours before posting it again. 

[Karl]

DCEA (Digital Commodity Exchange Act) - an abbreviation that speaks for itself.

[jn_r]

Here is some more info on DCEA: https://www.lexology.com/library/detail.aspx?g=f4fe2384-af7f-425c-a7a6-06d899d4a302

[Frisia]

On 1/7/2021 at 9:54 PM, jn_r said:

Brad G. mentioned DCEA in one of his tweets

Brad says it needs to be re-introduced because, as happened also to other similar proposals (eg the Token Taxonomy Act), they don't seem to reach the successive stage and become the necessary pillars of a regulatory framework. Let's hope that the new administration can bring some new energy...

https://www.govtrack.us/congress/bills/116/hr8373

[jn_r]

In light of DCEA (Brad would like to see it re-introduced) it is interesting to know that Gary Gensler former job was chair at CFTC.

DCEA is designed to bridge the gaps between CFTC and SEC:

Quote

Additionally, in September, a bipartisan group of representatives introduced the Digital Commodity Exchange Act of 2020, or DCEA (H.R. 8373). The bill is designed to bridge regulatory gaps between the Commodities Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in digital asset markets, and provide a national framework to regulate cryptocurrency exchanges.

source: https://www.cozen.com/news-resources/publications/2020/november-2020-blockchain-legislative-alert-fall-2020-legislative-developments