U.S. Congress proposes new crypto regulatory framework

On May 6, the U.S. Congress proposed the Digital Asset Regulatory Framework Act to refine the previous FIT21 Act, detailing the SEC’s and CFTC’s responsibilities while enhancing regulatory clarity.

Industry reactions have varied, with expectations that the new rules will boost investor confidence. Ethereum (ETH) is currently priced at 1,809.89 USD with a market cap of 218.51 billion USD.