The Senate Agriculture Committee will release its draft bill on CFTC regulation of digital commodities in early September. The legislation aims to clarify regulatory authority by assigning the CFTC oversight of cryptocurrencies like Bitcoin and Ethereum while leaving digital securities under the SEC’s jurisdiction. The draft will propose new registration requirements for digital asset intermediaries and address key issues like DeFi and stablecoin oversight, providing clearer guidance for the U.S. digital asset market.
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