KIIA

According to reports, U.S. Representative Tom Emmer proposed the KIIA (Keep Innovation In America Act), which aims to reduce the compliance burden on cryptocurrency brokers. KIAA proposes to update the laws provided for in the Infrastructure Law passed in 2021. (Forbes) U.S. Representative Tom Emmer proposes a KIIA bill to reduce the compliance burden on cryptobrokers Analysis based on this information:In recent news, Representative Tom Emmer from the United States has put forward a new proposal called the Keep Innovation In America Act (KIIA) which intends to ease the compliance burden faced by crypto brokers. The KIIA will amend the existing laws outlined in the Infrastructure Law passed in 2021. The proposal is a significant step in the innovation of cryptocurrency, and it is essential to understand the power it may contain. The introduction of KIIA comes at a time when the cryptocurrency industry is witnessing explosive growth. Still, exchanges and altcoin developers are seeing intense regulatory pressure from several…