Senator Rob Portman clarified on the Senate floor that brokers sell on behalf of someone else and do not just provide ancillary services. However, a proposed rule aims to expand the definition of brokers to include not only those who directly act as dealers or agents in digital-asset transactions, but also a broad category of “digital asset middlemen.” These middlemen are defined as individuals or entities that provide facilitative services in the sale of digital assets and have knowledge of the parties involved in the transaction and the potential proceeds from the sale. This proposed rule would bring significant changes to the regulation of digital asset transactions.
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Rob Portman |
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