Uncategorized

U.S. lawmakers agree on crypto spot market law

Published

4 years ago

April 29, 2022

US lawmakers are seeking to introduce a bill that would crackdown on crypto spot markets

A bipartisan set of policymakers are looking to give the ‘Commodity Futures Trading Commission’ a bigger role in crypto regulation.

It would mean the government agency will oversee companies issuing or letting people trade digital tokens.

Meanwhile, the ‘Securities and Exchange Commission’ will continue to oversee tokens that fall under US securities laws.

The Bill defines a ‘digital commodity’ as any form of fungible personal property that’s intangible, and can be transferred from person to person.

Related Topics:crypto Politics trending

Up Next

Marine life to face mass extinction by 2300, study finds

Don't Miss

Survey finds crypto will become mainstream in the next decade

Costa Haritos

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.