U.S. Senators Set in Motion Bipartisan Proof-of-Reserves Bill

U.S. Senators Set in Motion Bipartisan Proof-of-Reserves Bill

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Two U.S. senators from opposite sides of the aisle have introduced a bill that they say will establish safeguards against another FTX-type collapse. The Proving Reserves of Others Funds (PROOF) Act is the brainchild of Sens. Thom Tillis (R-NC) and John Hickenlooper (D-CO), who shared a draft of…

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