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The Senate Market Structure Bill draft proposes the establishment of a joint committee between the SEC and CFTC to end the competition in the Crypto Assets field.
[The Senate Market Structure Bill proposal suggests the establishment of a joint committee between the SEC and CFTC to end the battle for control in the crypto market] A U.S. senator has released the latest draft of an important crypto market structure bill, which calls for the establishment of a joint advisory committee on digital assets between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC), bringing together regulatory agencies that sometimes treat crypto assets differently. Although the advisory committee only provides non-binding recommendations, each committee must issue a public statement every time it submits its findings or recommendations, explaining its decision on whether to take action.