The U.S. House of Representatives has passed a bill that would help direct the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to establish a digital asset working group and open new regulatory frameworks for both digital assets and cryptocurrencies.
H.R. 1602, or the “Eliminate Barriers to Innovation Act of 2021,” was affirmed by the U.S. Congress last week, escalating the bill to the U.S. Senate. It is now undergoing review through the Senate Banking Committee, led by Senators Sherrod Brown (D-Ohio) and Pat Toomey (R-Penn.).
Once passed and signed as law, the bipartisan bill would initiate the commission of a specialized working group that would evaluate regulation of digital assets in the U.S.
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