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)