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Senate Banking Committee offers up crypto market structure principles

Image of many Bitcoins.
Photo: Chris McGrath/Getty Images

Former CFTC Chair Behnam encouraged committee to support the expansion of the CFTC and SEC’s mandate over the crypto market.

Senate Republicans just released a set of principles to guide the development of digital asset market structure legislation, establishing their goals of clearly defining their legal status and allocating regulatory jurisdiction among US agencies, among other things.

It is their latest initiative to regulate the cryptocurrency space following the recent