Senate Bill Classifying Bitcoin As A Digital Commodity To Be Introduced Today: Report Today

27

  • A new bill classifying bitcoin as a digital commodity could be introduced today.
  • This move would empower the current watchdog of derivatives and future markets, the CFTC, to gain regulatory jurisdiction over bitcoin.
  • The bill seeks to expand on previous definitions in the bitcoin ecosystem while also excluding securities from being digital commodities.

Leaders of the Senate Agriculture Committee (SAC) are planning to introduce a bill that would classify bitcoin as a digital commodity, according to a report from the Wall Street Journal.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More