02.20.19
House Bills Would Revisit Regulation of Cryptocurrencies
by: Chris Marquette
House bills with bipartisan support would direct regulators to examine new ways to oversee digital assets and protect them from manipulation. One bill would direct the CFTC, consulting with the SEC and other agencies, to report to lawmakers on how cryptocurrencies are regulated around the world and detail the benefits of cryptocurrency and blockchain technology, seeking to clarify which virtual currencies qualify as commodities and provide an optional regulatory structure for virtual currency spot markets. The second bill would require the CFTC to study how digital assets are being manipulated and which currencies are more susceptible to manipulation.
Read the full article on Roll Call