How would this bill prevent that? I'd argue it wouldn't, because shenanigans like this aren't happening at US-run bitcoin companies. We already have federal MS

How would this bill prevent that? I'd argue it wouldn't, because shenanigans like this aren't happening at US-run bitcoin companies. We already have federal MSB regulations, and should solve this at the federal level. The proliferation of state MSB regulations make it incredibly expensive for new fintech companies to compete against incumbents and internationally.