In brief The Senate just released a discussion draft of its own crypto market structure legislation. The House passed a companion bill last week, dubbed the CLARITY ACT. The Senate’s version differs in some meaningful ways, but the aim is the same. And it directly impacts crypto startups and future token sales through ICOs. The Senate yesterday unveiled a preliminary …
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JPMorgan Chase is rolling out a new fee structure that could ‘cripple’ crypto and fintech startups, executives warn
When JPMorgan Chase told fintechs last month that it planned to charge them for accessing its customer banking account data, it sent shockwaves through corners of the financial industry. According to four industry executives, the move is a blow to the fintech sector and could prove devastating to early-stage startups, including those in the crypto industry. Analysts, however, think mature …
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