U.S. Senate Proposes Joint SEC-CFTC Cryptocurrency Committee: A Step Towards Unified Crypto Oversight

The U.S. Senate has introduced a draft bill proposing the formation of a joint committee between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). This initiative aims to streamline cryptocurrency regulation, particularly in DeFi and airdrops. The proposed committee will address ongoing regulatory challenges and establish clear guidelines for classifying digital assets. This move signals a shift towards comprehensive frameworks for handling cryptocurrencies across the board.