Swordsmyth
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- Apr 14, 2016
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Sens. Kirsten Gillibrand and Cynthia Lummis announced Tuesday that they are ready to unveil a new regulatory mechanism for reigning in the wild west that is cryptocurrency.
The bill they introduced, the Responsible Financial Innovation Act, will classify a majority of digital assets as commodities, similar to wheat, steel, or oil. This would place crypto under the oversight of the Commodity Futures Trading Commission, rather than the Securities and Exchange Commission.
More at: https://www.thefinancialtrends.com/...ed-as-commodities-in-new-bipartisan-overhaul/
The bill they introduced, the Responsible Financial Innovation Act, will classify a majority of digital assets as commodities, similar to wheat, steel, or oil. This would place crypto under the oversight of the Commodity Futures Trading Commission, rather than the Securities and Exchange Commission.
More at: https://www.thefinancialtrends.com/...ed-as-commodities-in-new-bipartisan-overhaul/
