Today in TechREG, a group of European Union lawmakers informed Parliament about their visit to Silicon Valley highlighting the positive feedback from Big Tech to the new EU regulation but raising questions about future compliance. In the U.S., Big Tech companies may need to deal with a new regulator if Congress passes a new bill that seeks to create the Federal Digital Platform Commission.
The Securities and Exchange Commission (SEC) and the Commodities and Futures Trading Commission (CFTC) seem to be the most active agencies in regulating crypto. Yet their jurisdictional limits to oversight crypto assets aren’t clear. The agencies seem confident they have broad crypto regulatory mandates, but Congress and some courts may set boundaries.
The soon-to-be-announced crypto bill by U.S. Senators Lummis and Gillibrand may continue, at least partially, the same line established by regulators while increasing the role of the CFTC. According to the senators, the bill could lean on the CFTC...
Read Full Story:
https://www.pymnts.com/news/regulation/2022/today-in-techreg-sec-cftcs-crypto...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.