Senate Plan Would Put Bitcoin, Ether Under Commodity Regulator’s Watch
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WASHINGTON—Leaders of a Senate committee are pitching legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest-rate swaps.
Senate Agriculture Committee Chairwoman Debbie Stabenow (D., Mich.) and top-ranking Republican John Boozman of Arkansas unveiled a plan Wednesday that would empower the Commodity Futures Trading Commission to regulate spot markets for digital commodities, a newly created asset class. Currently the CFTC has authority to police derivatives, such as futures and swaps, rather than underlying commodities.
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WASHINGTON—Leaders of a Senate committee are pitching legislation that would assign oversight of the two largest cryptocurrencies, bitcoin and ether, to the federal agency that regulates milk futures and interest-rate swaps.
Senate Agriculture Committee Chairwoman Debbie Stabenow (D., Mich.) and top-ranking Republican John Boozman of Arkansas unveiled a plan Wednesday that would empower the Commodity Futures Trading Commission to regulate spot markets for digital commodities, a newly created asset class. Currently the CFTC has authority to police derivatives, such as futures and swaps, rather than underlying commodities.
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Mike Hunt : Undermines the entire value derived from being different from fiat by not being under governmental control. Signifies the beginning of the end for me.
SpyderCall Mike Hunt : agreed. that's how I see it too. but there is another school of thought that thinks regulation will help crypto by attracting more big investments over the fact that regulation will make it more secure. regulation goes against what cryptocurrency is. it's like they're going to change it into another Fiat. The regulators manipulate the supply then I'm out of crypto forever
Mr Trecherous Mike Hunt :
Mr Trecherous SpyderCall :
SpyderCall Mr Trecherous : lol!
Dons hobby : I don't care what it is these bullshit so called elected officials touch they will turn it to shit EVERY SINGLE TIME BAR NONE
Mr Trecherous Dons hobby :
Dons hobby : Ain't that the truth
Mr Trecherous Dons hobby :
Dons hobby Mr Trecherous : One of the most truthful men in show business bar none. I just watched his life's biography Saturday
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