The SEC and CFTC Gets Their Role Clarification from Crypto Draft

The SEC and CFTC Gets Their Role Clarification from Crypto Draft

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The key House committees introduced a bill clarifying the roles of SEC and CFTC.
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With this “role specification”, both government agencies can find their boundaries under which they can work.
A draft bill was introduced by Reps. Patrick McHenry, R-N.C., and Glenn Thompson, R-Pa. on June 2nd, Friday, providing a more precise delineation of authority between two U.S. government agencies. As CNBC has reported, the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) will get clarification related to crypto issues.
Patrick McHenry has said that “this discussion draft is a critical first step toward much-needed …
 

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