The bill’s proposed bifurcated market for restricted and unrestricted digital assets ignores fungibility as a fundamental characteristic of crypto tokens. By creating categories of restricted and unrestricted assets, the bill disrupts this principle, leading to confusion and market fragmentation. This could impair liquidity, complicate transactions and risk management mechanisms such as derivatives, reduce the overall utility of the crypto tokens and ultimately stifle innovation in a nascent industry.
Win 3 bitcoins this holiday season
Every additional dollar traded earns an additional entry. Whether you’re buying, selling or converting – it all counts.From Dec. 4,...
