Sens. Gillibrand, Lummis introduce major cryptocurrency bill ...Middle East

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Sens. Gillibrand, Lummis introduce major cryptocurrency bill
source : The Hill ( Middle East ) () 11
Sens. Kirsten Gillibrand (D-N.Y.) and Cynthia Lummis (R-Wyo.) introduced legislation on Tuesday that will creatine a regulatory framework for digital assets such as cryptocurrency.  The Responsible Financial Innovation Act (RFI) will encourage responsible financial innovation, flexibility, transparency, and robust consumer protections while integrating digital assets into existing laws.  The proposed legislation will also assign regulatory authority over digital asset spot markets to the ​​Commodity Futures Trading Commission (CFTC), which regulates commodities markets, creating a new advisory committee that will focus on developing guideline principles, empowering regulatory agenci

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