US Congress to discuss new crypto rules, proposing split oversight between CFTC and SEC

US Congress members are meeting to discuss a new regulatory framework for Bitcoin and the broader crypto market. A Senate Agriculture Committee bill proposes dividing oversight between the Commodity Futures Trading Commission (CFTC) for Bitcoin and the Securities and Exchange Commission (SEC) for investment contracts. This bipartisan effort aims to provide clear regulation, potentially unlocking trillions in institutional capital currently sidelined due to regulatory uncertainty. The bill's progress marks a significant step toward formalizing crypto market rules in the US, competing with clearer frameworks abroad like the EU's MiCA regulation.