Reported 5 months ago
The article discusses the hopes within the crypto world for breakthroughs in Washington this week, as the House is set to vote on legislation that could provide regulatory oversight and potentially approve the first exchange-traded funds investing in the cryptocurrency ether. The proposed legislation, known as FIT21, aims to establish the Commodity Futures Trading Commission as a leading regulator of digital assets and enhance consumer protections. However, the bill faces opposition from some Democrats and SEC Chair Gary Gensler has expressed concerns about possible regulatory gaps. Despite potential hurdles, the crypto industry remains optimistic for positive developments.
Source: YAHOO