
Proof of State is the Wednesday edition of Fortune Crypto where Leo Schwartz delivers insider insights on policy and regulation.
On Friday, the chairmen of the powerful House Financial Services and Agriculture committees released a draft discussion bill to reshape crypto market structure regulation. The proposed legislation was not only groundbreaking for its rare collaboration between different House groups but also its scope, with some onlookers describing the effort as the most ambitious since the post-financial crisis Dodd-Frank Act.