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Bipartisan Senate bill proposes shifting crypto oversight from SEC to CFTC, crypto support
Bipartisan Senate bill seeks to shift crypto oversight from SEC to CFTC Bloomberg carried the report, in summary: Two U.S. senators unveiled a bipartisan draft bill that would transfer primary oversight of the cryptocurrency industry from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC), a regulatory shift long sought by crypto firms. The proposal, introduced by Senate Agriculture Committee Chair John Boozman (R-Ark.) and Senator Cory Booker (D-N.J.), would give the CFTC authority to regulate crypto market structure, classify most tokens as digital commodities, require ... (full story)
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