The latest bipartisan crypto bill would give the CFTC new tools and authorities to regulate digital commodities, with a focus on market integrity and consumer protection.
On August 3, 2022, a bipartisan group of US senators introduced the Digital Commodities Consumer Protection Act of 2022 (the Bill). The Bill is the latest legislative proposal seeking to bring clarity to digital asset markets and the allocation of regulatory responsibility with respect to such markets. In comparison to other recent proposals, the Bill goes further toward the creation of a comprehensive supervisory regime for digital asset platforms, with a particular focus on market integrity and consumer protection (although it does not directly address securities issues). Continue Reading