New bill aims to give CFTC more authority to regulate crypto markets
Senate Agriculture Committee Chair Debbie Stabenow (D-MI) and Senator John Boozman (R-AR) are proposing a new bill that would give the Commodity Futures Trading Commission (CFTC) more regulatory authority to oversee crypto markets.
The bill amends the definition of a commodity to include “digital commodity,” which applies to some crypto tokens. Bitcoin and ether, for example, are included in the definition of commodities while securities are excluded.