in the USA cryptocurrency While the regulatory work on the regulation of cryptocurrencies continues, it is still unclear who will control the cryptocurrencies.
in the USA Bitcoin (BTC) and cryptocurrencies Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) While there were two opinions that it should regulate cryptocurrencies, a bill was presented that the CFTC should regulate cryptocurrencies.
The Senate Agriculture Committee, which oversees the CFTC, today submitted a bill that would give the CFTC “exclusive jurisdiction” over transactions in cryptocurrencies deemed to be subject to commodity law.
The bill was introduced by Democrat Debbie Stabenow and Republican John Boozman.
The new bill presented to the CFTC the two largest cryptocurrencies bitcoin and Ethereum (ETH) It will authorize direct oversight of these assets, describing them as “digital commodities”.
according to the bill BTC and ETH Supervision of the remaining cryptocurrencies will be split between the CFTC and the SEC. However, the process of making these determinations is not yet clear.
Debbie Stabenow, Chairman of the Committee, said in a statement:
“One in five Americans has used or traded digital assets, but these markets lack the transparency and accountability they expect from our financial system.
This often puts Americans’ hard-earned money at risk.
That’s why we close regulatory gaps and require these markets to operate under simple rules that protect customers and keep our financial system safe.”
The draft in question crypto- accounting for about two-thirds of the market BTC and ETHIt tries to provide some clarity in this area by considering .
Rostin Behnam, chairman of the CFTC He also said that his agency is in a good position to take on a larger role in overseeing cryptocurrencies.