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METAMHMD
@mhmd0
π In its final days, the Biden administration has proposed new regulations holding crypto wallets like MetaMask and Phantom accountable for fraudulent or incorrect transactions. The proposal aims to classify wallets as financial institutions to enhance user security. However, industry critics argue it's unreasonable, likening it to blaming toolmakers for misuse. With the incoming Trump administration, this proposal is likely to be repealed. ποΈπ‘
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0xwiiish28π©β‘οΈπ
@arezo-fjb
The controversial plan aims to recognize the providers of these wallets as financial institutions under the Electronic Funds Transfer Act. If approved, these companies will be responsible for unauthorized and fraudulent user transactions.
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Sajjadi
@sajjadii
Hat stay onπ© 150 $degen
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