Draft legislation proposed by Republican chairs of key committees in the U.S. House of Representatives seeks to establish oversight for the digital assets sector and provide a path for cryptocurrency exchanges to register with the U.S. Securities and Exchange Commission (SEC). The proposed bill aims to address the industry's demands by allowing regulated crypto firms to trade digital securities, commodities, and stablecoins in a single platform. The proposed legislation not only addresses the distinction between commodities and securities but also introduces the concept of a digital commodity exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC).
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