The U.S. Senate postpones a crypto bill
The discussion on new regulations that would define how tokens are treated and the role of the CFTC has been delayed following opposition from Coinbase's CEO.
A U.S. Senate committee postponed the highly anticipated Thursday debate on a historic bill that would establish a regulatory framework for cryptocurrencies, hours after Coinbase (COIN.O) CEO stated the cryptocurrency giant would not support the measure, creating uncertainty about its future.
The legislation, introduced on Monday by the Senate Banking Committee, would define when cryptographic tokens are considered securities, commodities, or fall into other categories. It would also clarify the jurisdiction of the U.S. Securities and Exchange Commission (SEC) over the sector.
Personally, weren't cryptocurrencies created precisely so no government could control them?!
We definitely need to keep a close eye on the coming days
