House passes bill outlining new framework for crypto regulation despite SEC pushback ...Middle East

The Hill - Technology
House passes bill outlining new framework for crypto regulation despite SEC pushback
source : The Hill ( Middle East ) () 88
The House passed legislation Wednesday laying out a new framework for when cryptocurrencies should be regulated by the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).  The lower chamber voted 279-136 to pass the Financial Innovation and Technology for the 21st Century Act (FIT 21), despite opposition from SEC Chair Gary Gensler.  FIT 21 would classify digital assets, like crypto, as commodities regulated by the CFTC if the blockchain on which they run is “functional and decentralized.”   If their blockchain is “functional but not decentralized,” they would be considered securities and fall under the purview of the SEC.  Gensler argu

Hence then, the article about house passes bill outlining new framework for crypto regulation despite sec pushback was published today ( ) and is available on The Hill ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( House passes bill outlining new framework for crypto regulation despite SEC pushback )

Apple Storegoogle play

Last updated :

Also on site :



Latest News

Silent Hill: Townfall's new gameplay trailer quietly confirms how long its PS5 exclusivity will last

before 7 minute

Is this the end of the GTA 6 leaks? Take-Two's legal crusade appears to shut down the hubs behind them

before 35 minute

Double Fine confirms it owns all its games' IP and publishing rights after Xbox split

before hour & 19 minute

47 video game things that spark joy

before 2 hours & 52 minute

What we've been playing - "We're in danger of making this a regular thing"

before 4 hours & 48 minute

Teen drops high-profile social media addiction lawsuit

before 11 hour & 8 minute

Anthropic Could Aim to Raise $100 Billion in Blockbuster I.P.O.

before 11 hour & 21 minute

TikTok Settles With U.S. Over Child Privacy Concerns for $400 Million

before 11 hour & 41 minute

DOJ and TikTok reach $400 million settlement amid child privacy violation

before 14 hour & 35 minute

Walmart to let shoppers use Apple Pay and other tap-to-pay methods

before 15 hour

TikTok reaches $400M settlement with DOJ over alleged children's privacy law violations

before 15 hour & 5 minute

TikTok agrees to pay $400 million to settle child privacy lawsuit

before 15 hour & 21 minute

Google AI gives wildly racist ‘advice’ about social situations with different groups: ‘I am alone with a Brit’

before 17 hour & 49 minute

Woman covertly filmed by Meta smart glasses raises privacy concerns

before 18 hour & 13 minute

NYC surpasses San Francisco as biggest tech talent hub, study shows

before 18 hour & 39 minute