U.S. Senate Overhauls Cryptocurrency Regulation with Major Proposal

The U.S. Senate has introduced a sweeping bill to reshape the regulatory landscape for cryptocurrencies. The bill proposes transferring cryptocurrency oversight from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC), marking a significant change in how digital assets will be governed. This move aims to provide clearer regulations for the rapidly evolving crypto market, impacting businesses and investors alike.