US congressional committee to vote on several cryptocurrency bills
Futures Trading Commission's (CFTC) oversight of the crypto industry, while clarifying the Securities and Exchange Commission's jurisdiction, as many crypto advocates complain of the agency's perceived overreach. His committee is expected to consider that bill during a markup on Wednesday, while the House Agriculture Committee will consider the same bill on Thursday.
“As other jurisdictions like the UK, the (European Union), Singapore and Australia have moved forward with clear regulatory frameworks for digital assets, the United States is at risk of falling behind. We intend to change that today," said McHenry at the outset of Wednesday's markup.
The bill has galvanized many in the crypto industry, who say that with Democrats' support, the bill could have a shot in the Senate. (With inputs from Reuters) Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!
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