Crypto Market Structure Draft Bill Released: Big Questions Loom
TLDR
- The Senate Agriculture Committee released a draft crypto market structure bill on Monday.
- The bill aims to clarify the jurisdiction between the CFTC and SEC over crypto market regulation.
- Key provisions in the bill are still in brackets, indicating unresolved sections and ongoing negotiations.
- The draft bill defines blockchain terminology and directs joint rulemaking between the CFTC and SEC.
- Some lawmakers continue to raise concerns about the bill’s scope and the crypto industry’s risks.
The Senate Agriculture Committee released its draft crypto market structure bill on Monday. This move brings the Senate closer to defining the Commodity Futures Trading Commission’s (CFTC) jurisdiction over spot market trading….
