Crypto Regulations Closer Than Ever: US House Panel Approves 2 Bills As Congressman Emmer Hails ‘Huge Win’

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A United States House panel on Wednesday gave its approval to two bills aiming to bring regulatory clarity to crypto firms. What Happened: These bills address key issues like jurisdictional differences between securities and commodities regulators and provide guidelines for blockchain developers and service providers. The first bill, known as the Financial Innovation and Technology for the 21st Century Act, was approved by a majority of U.S. lawmakers on July 26. It establishes a framework for crypto firms to determine whether they should register with the Commodity Futures Trading Commission …

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