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<ul class="news-points"> 
 <li><strong>The US introduces the Financial Innovation and Technology for the 21st Century Act.</strong></li> 
 <li><strong>Crypto lawyer John Deaton is cautious, urging scrutiny of the bill’s details.</strong></li> 
 <li><strong>Coinbase CLO Paul Grewal supports the legislation.</strong></li> 
</ul> 
<p>The much-anticipated moment has arrived as the United States made its long-overdue entry into the <a href="https://coinedition.com/cftc-concludes-celsius-and-former-ceo-violated-us-regulations/" target="_blank" rel="noopener noreferrer nofollow">digital asset regulation</a> game. In response to the ‘Financial Innovation and Technology for the 21st Century Act,’ renowned crypto lawyer John Deaton took to Twitter to share his thoughts.</p> 
<p>“Finally, the U.S. enters the game,” Deaton’s tweet read, acknowledging the significance of this legislative move.</p> 
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   <p lang="en" dir="ltr">Finally the U.S. enters the game. <a href="https://t.co/e99TwL3iXv" target="_blank" rel="noopener noreferrer nofollow">https://t.co/e99TwL3iXv</a></p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1682159084785786884?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 20, 2023</a> 
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<p>However, Deaton was quick to <a href="https://twitter.com/JohnEDeaton1/status/1682169667547463680?s=20" target="_blank" rel="noopener noreferrer nofollow">caution</a> against complacency, hinting that lurking within the bill’s details might be some devilish aspects yet to be fully understood. The lawyer decided to reserve his opinion until he could thoroughly digest all aspects of the proposed regulatory framework.</p> 
<p><a href="https://coinedition.com/eleanor-terret-attacks-secs-classification-of-filecoin-as-security/" target="_blank" rel="noopener noreferrer nofollow">Fox journalist Eleanor Terrett</a> highlighted that the bill was introduced by Congressman Glenn Thompson, along with Rep. French Hill and U.S. Representative D…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/deaton-says-there-may-be-some-evil-lurking-in-the-proposed-us-crypto-act/">Deaton Says There May Be Some Evil Lurking in the Proposed US Crypto Act</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

Deaton Says There May Be Some Evil Lurking in the Proposed US Crypto Act

Coin Edition

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