Ranking Member of the House Committee on Agriculture Glenn Thompson (R-PA) released a revised draft of the Digital Commodity Exchange Act, a bill "to bring certainty to developers, intermediaries, and customers in the digital asset marketplace by establishing clearly defined rules."
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In a joint letter, leaders of the House Committee on Agriculture and the Senate Committee on Agriculture, Nutrition and Forestry asked CFTC Chair Rostin Behnam to issue regulatory guidance on digital asset markets.
At his nomination hearing before the Senate Agriculture Committee, CFTC Acting Chair J. Christopher Giancarlo outlined three major regulatory priorities.
At an oversight hearing before the U.S. Senate Committee on Agriculture, Nutrition, and Forestry, CFTC Chair Rostin Behnam identified areas for improvement within the CFTC regulatory framework to address the “dislocation” between regulation and technological innovation.
CFTC Chair J. Christopher Giancarlo defended the CFTC FY 2020 Budget Request before the U.S. Senate Committee on Appropriations Subcommittee on Financial Services and General Government.