U.S. Commerce Agriculture Committee Announces Draft of Digital Asset Market-Structure Bill

Source
Son Min

Summary

  • The U.S. Commerce Agriculture Committee announced a draft of the digital asset market-structure bill's commodities section.
  • The draft is said to aim to establish a regulatory framework for the digital asset industry.
  • It said it includes provisions dividing regulatory responsibilities between the SEC and the CFTC.
Photo=Adam McCullough / Shutterstock.com
Photo=Adam McCullough / Shutterstock.com

The U.S. Senate Agriculture Committee announced a draft of the commodities section of the digital asset (cryptocurrency) market-structure bill (CLARITY).

On the 11th (local time), Eleanor Terrett wrote on X (formerly Twitter), "The Commerce Agriculture Committee has released a draft of the commodities section of the digital asset market-structure bill."

The digital asset market-structure bill aims to establish a regulatory framework for the digital asset industry. In particular, it includes provisions dividing regulatory responsibilities between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

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Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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