Crypto bill passes congressional committee, threatens US Crypto industry with more abuse, justified by US banking and lending failures.

submitted by SoCo from reuters.com

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[–]Tom_Bombadil 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

The bill passed by the House Financial Services Committee would define when a cryptocurrency is a security or a commodity and expand the Commodity Futures Trading Commission's (CFTC) oversight of the crypto industry, while clarifying the Securities and Exchange Commission's jurisdiction,

Jurisdiction, jurisdiction, jurisdiction. That's the bedrock of the control system.

/u/Drewski