Reported 5 months ago
The U.S. House of Representatives passed a bill aiming to establish a new legal framework for digital currencies, despite warnings from the U.S. Securities and Exchange Commission (SEC) that it could pose new financial risks. The Financial Innovation and Technology for the 21st Century Act passed with a bipartisan vote, with supporters arguing it will provide regulatory clarity and support industry growth. However, SEC Chair Gary Gensler cautioned that the bill could create regulatory gaps and undermine investor protection. The SEC's potential approval of spot ether exchange-trade funds contrasts with its concerns over the bill's implications for oversight.
Source: YAHOO