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A crypto oversight bill was recently introduced in the United States.
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The bill will require CFTC and SEC to work together in regulating digital assets.
A formal bill was introduced by the U.S. Senior House Republicans that would dramatically change how crypto operates in America. The bill has been altered from its initial draft presented in June 2023. Notably, the bill changes the definition of digital assets by excluding conventional securities.
U.S. Introduces Crypto Regulation Bill
The Commodities and Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) had been in a feud to be the authority to regulate digital assets. If they are commodities, they will come under CFTC, while SEC would police them if they are securities. This duel created a scenario where both agencies fought for authority, which led to the United States losing its race in digital assets.
The bill proposes that CFTC and SEC join hands and woul
We współpracy z: https://www.thecoinrepublic.com/2023/07/22/everything-to-know-about-upcoming-u-s-crypto-oversight-bill/
