Senate Agriculture Committee Proposes Bipartisan Crypto Regulation Draft

The Senate Agriculture Committee has unveiled a bipartisan draft proposal aimed at granting the Commodity Futures Trading Commission (CFTC) oversight of spot digital commodity markets. This move, following House-passed legislation and seeking to address regulatory gaps, focuses on Bitcoin and Ethereum. The draft is poised to clarify market regulations for crypto assets. Though no immediate market shifts have been observed since its release, this initiative is seen as a step towards promoting clarity in the sector, potentially leading to greater investor confidence and stability.