House Democrats Draft Crypto Market Structure Bill Expanding SEC Oversight
(3 hours ago) · 1 source · Summarized by CryptoBipto
House Democrats are working on their own crypto market structure bill that would give the SEC a larger role in regulating digital assets. The effort comes after a political sweep and represents an alternative approach to Republican-led proposals that have generally favored the CFTC or reduced SEC authority.
WHY IT MATTERS
In the United States, two main agencies could oversee crypto: the SEC (Securities and Exchange Commission), which regulates stocks and investment contracts, and the CFTC (Commodity Futures Trading Commission), which regulates commodities like oil and wheat.
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SOURCES
- bitcoinmagazine.com
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