Crypto market structure, other bank bills pass House panel

French Hill

WASHINGTON — The House Financial Services Committee voted for a number of bills from a markup late Tuesday, including a market structure measure that would give cryptocurrency favorable oversight and legislation that would crack down on the trigger leads that mortgage companies can purchase from a credit bureau when a consumer applies for credit to buy a home.  

The market structure bill passed through the committee in a 32-19 vote. The bill is designed to establish fundamental regulatory boundaries and authorities, giving the Commodity Futures Trading Commission new powers and splitting registration duties for crypto platforms between the CFTC and the Securities and Exchange Commission. 

“This legislation is a critical step…

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