US Senators Reintroduce Crypto Reserve Bill PROOF Act
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Apr 11 2025New Legislation for Crypto Transparency: The PROOF Act, reintroduced by Senators Thom Tillis and John Hickenlooper, aims to enhance transparency in the crypto industry through mandatory third-party audits and stricter asset management standards to prevent financial instability.
Impact on Market Trust and Compliance Costs: While the legislation may increase investor trust and market stability, it could also lead to higher compliance costs for crypto exchanges, potentially causing initial market volatility as the industry adjusts to new regulatory measures.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
