Crypto Regulatory Affairs: Bill Requiring the Study of Cryptoassets is Passed by the US House of Representatives

The “Consumer Safety Technology Act (CSTA),” which was passed in the House this week with 325 votes for and 103 against, would require the Consumer Product Safety Commission to launch a pilot program designed to increase consumer safety by identifying trends related to fraud, misrepresentation, and financial crime in the cryptocurrency space. The bill would also mandate that the Federal Trade Commission “study and report on the use of blockchain technology and digital tokens.”

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