Senators have been working on a bipartisan basis for the last six months pretty intensely. And we have two different bills. There's one in the Ag Committee, which has oversight and accountability over the cftc. And The second piece of legislation is at the Banking Committee, which has oversight over the SEC and banking issues. And so because these types of digital assets have some characteristics of both commodities and securities, you need regulation under both those committees. (01:02–01:07)
CLAIM
Asserts that the Banking Committee has oversight over the SEC and banking issues.
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