A key US House Committee on Wednesday passed a bipartisan bill to ensure regulatory clarity for cryptocurrencies. The House Financial Services Committee approved a Republican-led bill in a 35-15 vote, with support from some Democrats including Jim Himes of Connecticut and Ritchie Torres of New York. The bill would define when crypto is a security or a commodity and would widen the CFTC’s oversight of the crypto sector. Apart from the crypto regulation bill, a Blockchain Regulatory Certainty Act was also passed by the key Committee led by Republican Congressman Tom Emmer and Democratic Congressman Darren Soto.
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