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CFTC Would Become Primary Crypto Regulator Under New Senate Committee Plan

The bill would create a definition of "digital commodity."

By Nikhilesh De

Updated May 11, 2023, 5:09 p.m. Published Aug 3, 2022, 1:11 p.m.

The Senate Agriculture Committee, chaired by Rep. Debbie Stabenow (D-Mich.), is poised to introduce a bill giving the CFTC "exclusive jurisdiction" over cryptocurrencies deemed digital commodities. (Anna Moneymaker/Getty Images)