Crypto rules of the road framework unveiled by Republican senators – NBC10 Philadelphia
- Two Republican senators introduced principles for a bill meant to provide a legal framework for digital assets.
- Legislation would define when crypto will be overseen by the SEC, rather than the Commodity Futures Trading Commission.
- Movement on crypto bills remains uncertain as members of the House and Senate grapple with different versions.
Two Republican senators are planning to debut a framework on Tuesday for a major bill that would set the rules of the road for digital assets.
According to the framework, being introduced by Senate Banking Chairman Tim Scott of South Carolina and Sen. Cynthia Lummis of Wyoming, who heads the panel’s digital assets committee, the future bill will define when crypto is a commodity…
