Push to Enhance CFTC’s Crypto Watchdog Role Gets a Boost in US Congress cryptomarketbag

The Senate legislation—introduced in August by the leaders of the Senate Agriculture Committee, Chairman Debbie Stabeno (D-Mich.) and its senior Republican, John Boozman (R-Ark.)—was a relatively short attempt to establish the CFTC as a pioneer. narrow effort. The agency will oversee digital asset trading and exercise new authority over the crypto spot market. Now, that effort has been incorporated into the House, led by Sean Patrick Maloney (D.N.Y.), chairman of the Commodity Exchange, Energy and Credit Subcommittee and chairman of the Democratic Congressional Campaigns Committee.

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