The statement continues - Understanding that most digital assets are much more akin to commodities than securities, the bill gives the CFTC clear authority over applicable digital asset spot markets.
On June 7, the long awaited Responsible Financial Innovation Act was introduced in the United States Senate to create a regulatory framework for digital assets. The official text of the 69-page document was also released.
The bipartisan bill, sponsored by Senators Cynthia Lummis of Wyoming and Kirsten Gillibrand of New York, addresses CFTC and SEC jurisdiction, stablecoin regulation, banking, tax treatment of assets digital and inter agency coordination.
Bad day for Binance with SEC investigation and Reuters leak
The senators appeared on CNBC Tuesday morning, and much of the interview revolved around the division of responsibilities between the SEC and the CFTC.
Lummis Gillibrand
Gillibrand power
power SEC
Loading
Comments