Home Cryptocurrency Push to Enhance Crypto Watchdog Role CFTC Gains Support in US Congress

Push to Enhance Crypto Watchdog Role CFTC Gains Support in US Congress

by SuperiorInvest

The Senate legislation — introduced in August by Senate Agriculture Committee Leader Debbie Stabenow (D-Mich.) and senior Republican John Boozman (R-Ark.) — is a relatively narrow effort to establish the CFTC as the lead agency to oversee digital asset trading and exercise new authority over the crypto spot markets. Now the House has joined the effort, led by Rep. Sean Patrick Maloney (DN.Y.), chairman of the Subcommittee on Commodity Exchanges, Energy and Credit, as well as the Democratic Congressional Campaign Committee.

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