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The United States Senate is set to vote on a crypto market bill next month, according to remarks made by Senate Banking Chair Tim Scott. Scott emphasized the significance of introducing clear regulatory boundaries between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The proposed legislation seeks to establish a new category of “ancillary assets,” which will help determine whether certain cryptocurrencies should be considered securities or not.
In his recent interview with Fox Business, Scott highlighted that the committee will mark up and vote on both committees before taking it to the Senate floor in early 2022.
Source: www.coinspeaker.com
