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This makes the seller a money services business under US Federal law. Due to the overall ambiguity, the US Justice Department strives to coordinate with these securities and commodities commissions. The future of cryptocurrency regulations needs to be more effective towards consumer protection. Today, it is not appropriately streamlined, and there could be multiple regulatory oversights. The US Treasury fears further uncertainty as the surging Bitcoin markets have compelled an urgent need for steadfast and absolute crypto regulations in the US.
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