In the next six months, the U.S. will have a law on stablecoins and a law on the supervision of cryptocurrencies, the parliamentarian is confident. Hill said Congress may give the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) expanded authority to regulate the crypto market.
“We need a legal framework for digital assets. This would keep cryptocurrency investors from losing money:
James Whitfield is markets correspondent at BTCNews. He spent eight years on the equity desk at Bloomberg London before moving to digital assets in 2020, and now leads our daily coverage of spot prices, derivatives and ETF flows. James reads order books for breakfast and has been quoted in the Financial Times, CityAM and CoinDesk. He is a CFA Level III candidate and is based in the City of London.
