ווייַלע פינאַנציעל authorities around the world are looking for opportunities to control the קריפּטאָקוררענסי סעקטאָר, a United States Senate committee is planning to propose a bill that would place digital assets like Bitcoin (בטק) און עטהערעום (עטה) under the jurisdiction of a regulator for קאַמאַדאַטיז.
Indeed, the bill, developed by Senate Agriculture Committee Chairwoman and Michigan Democrat Debbie Stabenow and Arkansas Republican Senator John Boozman, would give the Commodity Futures Trading Commission (קפטק) regulatory control over spot markets for the newly defined ‘digital commodities,’ as per a מעלדונג by די וואנט סטריט זשורנאַל אויף אויגוסט קסנומקס.
Notably, the CTFC currently only has oversight over derivatives like סוואַפּס און Futures but not underlying commodities.
Benefits of CTFC controlling crypto
Adding crypto to an agency’s scope would grant it more funding, influence, and job positions for former government officials. Furthermore, congressmen belonging to commissions supervising such agencies would gain more lobbyists and campaign donations, Kiernan writes.
In terms of advantages for the crypto industry, קריפּטאָ טריידער and analyst Josh Rager reflected on the announcement in a טוויט stating that the bill would be “בוליש for crypto, especially with Ether being included as commodity.”
Source: https://finbold.com/u-s-senators-seek-to-grant-cftc-control-over-crypto-regulation/