United States Senator Bill Hagerty, a member of the Senate Banking Committee, introduced legislation seeking a safe harbor for cryptocurrency exchanges from “certain” Securities and Exchange Commission (SEC) enforcement actions.

A bill to provide digital asset intermediaries with a safe harbor from certain enforcement actions by the Securities and Exchange Commission, and for other purposes.
As a result, the blockade “jeopardizes the United States’ leadership in this transformational technology at such a crucial time.”

To establish the legislation as law, the bill needs approval from the Senate, the House and the President of the United States.

The technical evaluation for a U.S. CBDC system highlighted the department’s inclination toward an off-ledger, hardware-protected system.
Source: Cointelegraph
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