U.S. Senator Cynthia Lummis said on Twitter that the text of the comprehensive digital asset legislative bill she finalized with Kirsten Gillibrand will be released on June 7, and the versions circulating online are outdated.
Earlier news, U.S. Senators Cynthia Lummis and Kirsten Gillibrand will unveil a bipartisan crypto regulation bill in June, which supports the CFTC as the primary regulator for spot markets and futures, while the SEC will receive cryptocurrencies identified as securities by the Howey test. regulatory power.
The bill will also clarify that crypto mining will not be regulated by broker-dealer rules, in addition to making crypto miners not considered broker-dealers.