The legislators introduced the Digital Commodities Consumer Protection Act of 2022 and presented a new regulatory term: digital commodities.
This regulator will have the “authority to regulate the trading of digital commodities”, introduce rules for market participants, and enforce them.
In the crypto industry, companies have been asking for regulatory clarity and a legal framework to operate under U.S. rules.
The SEC has invited crypto companies to report and participate in a dialogue, but these efforts have been met with legal actions.
Why The Crypto Industry Needs Federal RegulationsThe Senators believe U.S. crypto investors need a federal regulatory framework, especially as the sector continues to expand.
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