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Regulation
Democrats Reportedly Push for Expanded SEC Authority Over Crypto After CLARITY Act Fails
(3 hours ago) · 1 source · Summarized by CryptoBipto
Following the reported collapse of the bipartisan CLARITY Act, Democratic lawmakers are reportedly seeking to expand the Securities and Exchange Commission's regulatory authority over the cryptocurrency industry. The move would give the SEC broader oversight powers compared to the commodity-focused approach favored by some Republicans.
WHY IT MATTERS
In the United States, two main agencies could oversee crypto: the SEC and the CFTC.
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SOURCES
- cryptoslate.com
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