The pragmatic (or, if you prefer, crony capitalist) crypto companies that engage with (or, if you prefer, spend boatloads to lobby) lawmakers may object to my suggestion as well. I imagine they’d balk that it would amount to a ban on centralized crypto exchanges, forcing expensive restructurings of such firms and leaving only decentralized ones operating in the U.S.
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Crypto Custodian Prime Trust to Cease Operations in Texas at End...
The firm withdrew its Texas Money Transmitter License application but says it intends to reapply "swiftly."
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