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.
