U.S. Senate Committee to Release Draft on CFTC's Role in Digital Commodities

According to PANews, the U.S. Senate Agriculture Committee, which oversees the Commodity Futures Trading Commission (CFTC) and is involved in market structure legislation, plans to release a discussion draft in early September. This draft will focus on the CFTC's regulatory role in the digital commodities sector and aims to achieve bipartisan cooperation, with participation expected from senior Democratic members. Yesterday, the Senate Banking Committee released a draft concerning the regulatory structure of the Securities and Exchange Commission (SEC). There is potential for these two legislative proposals to be merged in the future.