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The bill passed by the House Financial Services Committee would define when a cryptocurrency is a security or a commodity and expand the Commodity Futures Trading Commission's (CFTC) oversight of the crypto industry, while clarifying the Securities and Exchange Commission's jurisdiction, as many crypto advocates complain of the agency's perceived overreach.
The top Republican and Democrat on the U.S. House Financial Services committee on Thursday said they had failed to come to an agreement on a bill to establish a federal regulatory framework for...
Efforts to establish a federal regulatory framework for stablecoins, a type of cryptocurrency pegged to traditional assets like the U.S. dollar, have hit a roadblock.
By Hannah Lang (Reuters) - The top Republican and Democrat on the U.S. House Financial Services committee on Thursday said they had failed to come to ...
The legislation would also cut spending by the SEC and the IRS, targeting the agency’s enforcement budgets.