US Congressmen Introduce Two Bills to Prevent Crypto Price Manipulation

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Two U.S. Congressmen have introduced bipartisan bills to prevent crypto price manipulation and boost acceptance of the tech.

Representatives Darren Soto (Democrat) and Ted Budd (Republican) jointly announced Thursday that their two bills – “The Virtual Currency Consumer Protection Act of 2018” and the “U.S. Virtual Currency Market and Regulatory Competitiveness Act of 2018” – are ultimately aimed at making the U.S. a “leader in the cryptocurrency industry.”

The bills essentially ask the Commodity Futures Trading Commission (CFTC) and other U.S. financial regulators to come up with a roadmap to better regulate cryptocurrencies in order to protect individuals and businesses.

The first bill seeks research on how crypto price manipulation takes place, its impact on investors, and how to prevent

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