US Congressmen Seek to Prevent Crypto Price Manipulation
The two bills take into account the lack of clarity in providing a regulatory framework for cryptocurrency and direct regulatory bodies to have a comprehensive system in place for both the consumers and enterprises. The main aim of the bill is to minimize the chances of price manipulation in wake of the Attorney General’s report which highlighted the risk of price manipulation.
The first bill calls upon the CFTC to describe how price manipulation could take place in virtual markets. It also directs the
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