In August, the Moneys Department published its nearly 300-page proposed rule, meant to finally comply with the 2021 Infrastructure Investment and Operations Act. It sets out reporting obligations for centralized crypto exchanges, payment processors, some hosted wallet providers, some decentralized dealings and people or entities that redeem crypto tokens.
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XRP Price Skyrockets Past $1 as SEC Faces Legal Troubles And Favorable Regulatory Shift Looms
In December 2020, the SEC filed a lawsuit against Riffle Labs, accusing the company of …