According to Reuters, several top lawmakers are eyeing rules for stricter federal oversight over the crypto world. The Securities and Exchange Commission (SEC) will probably take lead but there is some overlapping gray area where jurisdiction could come from the Commodity Futures Trading Commission (CFTC), the Treasury Department, the Federal Reserve or individual states. The next step will be a consensus from Congress how to proceed and whether to regulate cryptocurrencies as a security, commodity or both.
Source: Reuters
I genuinely feel like the US government have been handling this whole legal process better than most people expected, in the sense that they haven't just tried to completely shut crypto down
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I hope that continues!!! Time will tell....I'm keeping my fingers crossed that you are right!
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This post has received a 3.57 % upvote from @booster thanks to: @blockchainspoon.
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This post has received a 0.39 % upvote from @drotto thanks to: @blockchainspoon.
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