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Congress Lets Some Firms Bypass SEC for Bitcoin Custody

  • Certain companies will be allowed to bypass SEC rules and hold cryptocurrencies like Bitcoin.
  • Lawmakers are pushing for the US to stay competitive in the global tech race and want the country to be a leader in the crypto industry.
  • U.S. Congressman Tom Emmer expressed dissatisfaction with the SEC Chairman's handling of cryptocurrency regulations.
  • Lawmakers are frustrated with unclear and shifting policies and urge for a coherent regulatory framework.

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