A long-awaited bipartisan framework for US federal oversight of cryptocurrencies was unveiled on 7 June, and if passed by the US Congress, would mark a major milestone for a digital asset industry that has spent years lobbying for legislation to bring regulatory clarity to the space.
The bill, crafted by Republican Senator Cynthia Lummis of Wyoming and Democratic Senator Kirsten Gillibrand of New York would grant oversight of the most popular cryptocurrencies, like bitcoin and ether, to the Commodity Futures Trading Commission.
