House passes bill outlining new framework for crypto regulation despite SEC pushback

House Passes — Over SEC Objections — Long-Awaited Bill Carving Out a Cryptocurrency Regulatory Framework

The bill is likely to stir renewed debate in the Senate, which has several proposals of its own regarding how to supervise the monetary innovations.

House passes bill outlining new framework for crypto regulation despite SEC pushback

The House passed legislation Wednesday laying out a new framework for when cryptocurrencies should be regulated by the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).  The lower chamber voted 279-136 to pass the Financial Innovation and Technology for the 21st Century Act (FIT 21), despite opposition from SEC Chair Gary…

US House passes crypto bill despite warnings from SEC

(Reuters) – The U.S. House of Representatives on Wednesday passed a bill that aims to create a new legal framework for digital currencies, despite an unusual warning from the U.S. securities regulator it could create new financial risks. The Republican-sponsored Financial Innovation and Technology for the 21st Century Act passed in a bipartisan 279-136 vote. It is not clear if the Senate will take up the measure. The bill’s supporters in t…