The ECON & LIBE committees of the EU Parliament voted in favour of the FTR compromises D & E that crack down on so called unregulated or unhosted wallets. Entire regulation draft will be voted on later today, but the whole thing is definitely going to happen.
According on Patrick Hansen on Twitter: The Left, S&D, Greens, Renew have voted in favour while the PPE, ID, ECR mostly voted against.
This is a major hit for crypto and I can see massive corrections across the market. Meanwhile exchanges are screaming in joy because they will be getting a massive influx of crypto.
This is not the way to go with adoption. It's one step forward and two steps back.
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