Crypto Industry Rallies Behind U.S. House Bill As it Heads Toward Final Vote

The U.S. House of Representatives is on the verge of a vote that will represent the closest the cryptocurrency industry has ever been toward finally winning regulation in the U.S., and the sector’s associations and top businesses are encouraging House leaders to support the effort.

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The bill would set the Commodity Futures Trading Commission (CFTC) as a leading regulator of digital assets, and it sets out clear divisions for what the CFTC will handle and what would fall under the reach of the Securities and Exchange Commission (SEC). It would establish consumer protections – including rules around custody of customers’ assets and their treatment in bankruptcy – and set up further guardrails against risky behavior.

Source: Crypto Industry Rallies Behind U.S. House Bill As it Heads Toward Final Vote