- US lawmakers face a “frustrating” roadblock in passing comprehensive crypto regulation due to disagreement over the details and the political split between the SEC and CFTC.
- The core purpose of the bill is to clearly divide jurisdiction over crypto assets between the SEC (securities) and the CFTC (commodities).
- Senator Bernie Moreno stated he would prefer “no deal… than a bad deal,” indicating a willingness to let the current gray area continue rather than pass poorly designed or damaging legislation.
US lawmakers are trying to pass a broad law to govern crypto in the U.S., but they are stuck on the details and the politics.
At the Blockchain Association Policy Summit in Washington D.C., Sen….
