Coin Gabbar Token

<ul><li>FTX crisis illustrated the necessity for increased federal oversight of the digital asset sector.</li><li>DCCPA crypto bill will empower US CFTC to better regulate the local excahanges.</li></ul><h2 id="header-0">In the aftermath of FTX&#39;s unexpected collapse, US Senators Debbie Stabenow and John Boozman have reaffirmed their commitment to publishing a final version of the Digital Commodities Consumer Protection Act 2022 (DCCPA).</h2>For a moment, the cryptocurrency community was unsure how senators would respond to the <a href="https://www.coingabbar.com/en/crypto-currency-news/genesis-trading-reveals-dollar-million-exposure-to-ftx" rel="noopener noreferrer nofollow">FTX situation</a>, as the DCCPA bill was firmly backed by FTX CEO Sam Bankman-Fried.However, members of the United States Senate Committee on Agriculture, Nutrition, and Forestry reiterated their plans in a Nov. 10 statement. The statement reads that “the events of this week highlight the clear need for more federal oversight of the digital asset sector.”Senator Boozman commented, &#34;Chairwoman Stabenow and I are committed to moving forward with a final version of the DCCPA that sets a regulatory framework that allows for global cooperation and gives consumers greater confidence that their investments are safe.&#34;Bankman-Fried is said to be a major proponent of the cryptocurrency bill. He has attended many Senate hearings and, on October 19, wrote a piece titled &#34;Possible Digital Asset Industry Standards&#34;.The senators did not provide any additional information about the DCCPA&#39;s current status or when the bill will be published for Senate consideration.On August 3, 2022, the <a href="https://www.coingabbar.com/en/crypto-currency-news/sec-chair-cftc-testify-regarding-crypto-bill-citing-sources" rel="noopener noreferrer nofollow">DCCPA bill</a> was officially introduced in the United States Congress.If the DCCPA becomes law, it would give the Commodity Futures Trading Commission (CFTC), one of the two U.S. market regulators, expanded regulatory authority over the sector.The bill will still need to be enacted by both the United States Senate and House of Representatives and signed by President Joe Biden in order to become law.Read also: <a href="https://www.coingabbar.com/en/crypto-currency-news/blockfi-suspends-customer-withdrawals-cites-ftxs-uncertain-status" rel="noopener noreferrer nofollow">Blockfi Suspends Customer Withdrawals, Cites FTX’s Uncertain Status</a>

US Senators Pledge To Advancing Crypto Bill Amid FTX Crisis

Table of Contents

Coingabbar

Other articles published on Nov 17, 2022

South Korean Court Authorizes the Prosecutors’ Request to Seize Terra Co-Founder Daniel Shin’s As...

Welcome to — MOMO Cup 2022!

Pay No Gas on Ethereum with ZeroSwapDEX

MetaVerse-M ....Live on Exibitron.com

$FRGST - stronger than ever

Crypto investment strategies in the bear market

Join our free newsletter for daily crypto updates!