The bill joins a growing list of legislation aimed at clarifying the rules around cryptocurrency
, with lawmakers in both the House and Senate working on measures intended to place guardrails around the market, which has experienced significant turmoil and high-profile failures in recent months.
Stabenow told reporters the bill is not intended to cover the entire cryptocurrency market, or undermine the ability of the Securities and Exchange Commission to police crypto products that function more like securities. “We’re not defining what security is. I have great confidence in Chairman Gensler to be able to use his authorities,” she said.
While the window is closing for legislative action ahead of the November midterm elections, Stabenow and Boozman both insisted they wanted to move ahead with the legislation as quickly as possible, without laying out a precise timeline. Be smart with your money. Get the latest investing insights delivered right to your inbox three times a week, with the Globe Investor newsletter.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Arizona House Speaker Rusty Bowers loses state U.S. Senate bid
Read more »
U.S. Senate likely to delay bill protecting gay marriage until SeptemberU.S. Senate likely to delay a vote on protecting gay marriage, as Democrats push forward with a climate change bill, which could cost them Republican support for the marriage measure, aides and advocates said
Read more »
U.S. Senate likely to delay bill protecting gay marriage until SeptemberU.S. Senate likely to delay a vote on protecting gay marriage, as Democrats push forward with a climate change bill, which could cost them Republican support for the marriage measure, aides and advocates said
Read more »
U.S. lawmakers making one last push to reform cannabis laws before November midtermsThe surprise climate spending bill isn't the only piece of marquee legislation in the U.S. Senate that's getting a lot of Canadian attention.
Read more »
Crypto SWOT: Bitcoin and Ether are headed toward their best month since 2021Commentaries from industry expert Frank Holmes focusing on gold price movements, what's moving markets and what to expect in the metals sector. This includes his weekly Gold SWOT analysis, which is also featured in his own Kitco News show Gold Game Film
Read more »
Arizona House Speaker Rusty Bowers loses state U.S. Senate bid
Read more »