Senate Bill Classifying Bitcoin As A Digital Commodity To Be Introduced Today: Report

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The bill seeks to empower the CFTC to regulate bitcoin as a digital commodity while excluding securities from also falling under the same category.A new bill classifying bitcoin as a digital commodity could be introduced today. This move would empower the current watchdog of derivatives and future markets, the CFTC, to gain regulatory jurisdiction over bitcoin.The bill seeks to expand on previous definitions in the bitcoin ecosystem while also excluding securities from being digital commodities. ...

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