Crypto invoice from Republicans lays out clear roles for SEC and CFTC

Essential Points

Patrick McHenry, R-N.C., and Glenn Thompson, R-Pa. launched a invoice that proposes a additional very clear delineation of authority concerning the SEC and the CFTC on crypto troubles.
It would present a pathway to registration and explicitly make it possible for crypto securities to be traded on alternative investing systems, each under the SEC’s purview.
The CFTC would oversee the crypto place commodity market under current law.

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