The U.S. Securities and Exchange Commission (SEC) would take a back seat in a crypto oversight bill being re-launched by Sens. Cynthia Lummis (R-Wyo.) and Kirsten Gillibrand (D-N.Y.), which would require that crypto exchanges be overseen by the Commodity Futures Trading Commission (CFTC) and all stablecoin issuers be regulated depository institutions.
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Bitcoin Strikes A Chord At The Bottom
The price of Bitcoin has increased by 6% since it crossed into the $53,000 price territory on July 5. However,...