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

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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