US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC By Cointelegraph

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US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC

Published Jun 02, 2023 04:45PM ET Updated Jun 03, 2023 06:20PM ET

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US lawmakers aim for crypto regulatory clarity with proposed bill putting the screws to SEC

Lawmakers with the United States House Financial Services Committee and House Agriculture Committee have released a draft discussion offering certain crypto assets a pathway to being labeled digital commodities.

According to a discussion draft published on June 2, lawmakers proposed “establishing a functional framework” aimed at providing regulatory clarity for crypto firms in the United States. The draft bill would prohibit the U.S. Securities and Exchange Commission (SEC) from denying digital asset trading platforms from registering as a regulated alternative trading system and allow such firms to offer “digital commodities and payment stablecoins.”

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