The Lummis-Gillibrand Bill Puts the CFTC in Charge: A Win for the Crypto Industry

Protocol | Benjemin Pimental | Jun 7, 2022 The proposal gives the CFTC a leading role and pushes for the creation of a self-regulatory organization like FINRA. The Responsible Financial Innovation Act, introduced by Republican Sen. Cynthia Lummis and Democrat Kirsten Gillibrand, lays out how cryptocurrencies should be defined and regulated.  If it becomes law,

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