JUST IN: THE SENATE HAS OFFICIALLY RELEASED ITS BIPARTISAN CRYPTO MARKET STRUCTURE DRAFT
This is a huge move towards a clear legal framework for Bitcoin and crypto trading in the U.S.
The big impact:
If Bitcoin and major crypto assets fall under CFTC oversight, they’re treated as commodities, not securities -- which means:
• Cleaner rules
• Easier exchange access
• More institutional capital
• Real market structure
This is the kind of regulatory clarity that precedes large, long-duration inflows.
Source: https://www.agriculture.senate.gov/imo/media/doc/bipartisan_market_structure_discussion_draft.pdf
Breaking news: The Senate has officially issued a draft for the structure of the cryptocurrency market, which has received bipartisan approval. This represents a significant step toward establishing a clear legal framework for trading Bitcoin and cryptocurrencies in the United States. The major impact: If Bitcoin and major cryptocurrency assets fall under the oversight of the Commodity Futures Trading Commission (CFTC), they will be treated as commodities, not securities - meaning: • Clearer rules • Easier access to trading platforms • Greater institutional capital • A real market structure This is the kind of regulatory clarity that precedes large long-term flows. Source: https://www.agriculture.senate.gov/imo/media/doc/bipartisan_market_structure_discussion_draft.pdf
So no one should worry or talk about Bitcoin and Ethereum; they have been placed in the commodity category along with other goods
Virtual goods subject to the U.S. Commodity Futures Trading Commission
And they are not securities
Clarity has begun
And the time has come for the comprehensive digital currency
Picoin
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