Senate Proposes Joint SEC-CFTC Committee to Resolve Crypto Regulatory Conflicts

The U.S. Senate introduced a draft crypto market structure bill proposing the creation of a joint SEC-CFTC advisory committee to address regulatory disputes surrounding digital assets. This move aims to clarify regulatory frameworks for digital assets and potentially encourage institutional investment in the cryptocurrency industry. The new committee is expected to resolve conflicts regarding classifications as securities or commodities, aiming to enhance stability in the sector.