The Senate legislation – introduced in August by the leaders of the Senate Agriculture Committee, Chairwoman Debbie Stabenow (D-Mich.) and senior Republican, John Boozman (R-Ark.) – is a relatively narrow effort to install the CFTC as a leading agency to oversee digital assets trading and to exercise new authority over crypto spot markets. Now, that effort has been joined in the House, shepherded by Rep. Sean Patrick Maloney (D-N.Y.), the chairman of the Commodity Exchanges, Energy, and Credit Subcommittee and also the Democratic Congressional Campaign Committee.
Related posts
-
Middle East-Focused Crypto Exchange, Rain, ‘Likely Exploited’ for $14.8 Million, Says Zachxbt
The cryptocurrency exchange Rain, which focuses on the Middle East, was likely exploited for $14.8 million... -
U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base
President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to... -
Bipartisan Senators probe FinCEN crypto mixer lawsuits
A pair of Senators wrote a letter to the Department of Justice, challenging FinCEN’s “unprecedented interpretation”...