Republican lawmakers released a draft bill on Friday that would provide crypto assets and exchanges a clearer regulatory plan, allowing digital assets to be traded on more conventional trading platforms and introducing a division of authority between the top two U.S. financial regulators. The discussion draft was co-authored by Reps. Patrick McHenry, R-N.C., and Glenn Thompson, R-Pa., and would grant the Commodity Futures Trading Commission explicit spot market authority over crypto commodities under existing law. The Securities and Exchange Commission would regulate digital-asset securities. The bill would “prohibit ... (full story)