Senate Crypto Bill Finds Common Ground on Data Standards

U.S. federal regulators are no longer circling the crypto question. They are building the machinery to answer it.

The Senate Agriculture Committee on Thursday (Jan. 29) morning voted 12–11, along party lines, to advance a major crypto market structure bill that would grant the Commodity Futures Trading Commission (CFTC) primary authority over spot trading in digital commodities.

Democrats, however, raised alarms about consumer protection and conflicts of interest; and the vote underscored a central tension around how far the legislation should go in constraining the industry.

Also on Thursday, the U.S. Securities and Exchange Commission (SEC) and CFTC held a jointly hosted event discussing regulatory harmonization in the “crypto…

Source link