House Unveils Bill to Give CFTC Oversight over Digital Assets

A new bill introduced in the House of Representatives aims to grant the Commodity Futures Trading Commission (CFTC) regulatory authority over digital assets. The Digital Asset Market Clarity Act, spearheaded by Congressman French Hill, seeks to clarify the legal framework surrounding Bitcoin and other similar cryptocurrencies. By assigning oversight to the CFTC, the bill offers a clearer path forward for these emerging assets and aims to protect investors while fostering innovation.