Senators Tillis, Gallego Propose State-Level Enforcement of Federal Token Ban
U.S. Senators Thom Tillis and Ruben Gallego have reportedly sent revised ethics rules for the Clarity Act to the White House, proposing that state authorities enforce a federal ban on token issuance.
U.S. Senators Thom Tillis (R-NC) and Ruben Gallego (D-AZ) have reportedly submitted revised ethics rules for the Clarity Act to the White House.
The proposal would shift enforcement of an existing federal ban on token issuance away from federal agencies and grant that authority to state-level regulators.
The move could introduce a patchwork of enforcement across states, though the full text of the revisions has not been made public.
Source: Cointelegraph