US Senators Propose Cryptocurrency Oversight Legislation Authorising CFTC as Default Regulator

US Senators Propose Cryptocurrency Oversight Legislation Authorising CFTC as Default Regulator

A bipartisan group of US senators on Wednesday proposed a bill to regulate cryptocurrencies, the latest attempt by Congress to formulate ideas on how to oversee a multibillion-dollar industry that has been racked by collapsing prices and lenders halting operations. The regulations offered by Senate Agriculture Committee chair Debbie Stabenow…