New Crypto Bill Aims to Clarify SEC, CFTC Roles

Senator Lummis has introduced a key piece of legislation seeking to clarify the regulatory responsibilities between the SEC and CFTC in the cryptocurrency space. The bill proposes enhanced guidelines for classifying digital assets and shaping market structure, with the aim of bolstering investor protection while fostering innovation within this nascent sector. This new bill represents a significant development as it seeks to address long-standing uncertainties in asset classification.