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Senate bill would give CFTC more sway over crypto trading

Rostin Behnam, chairman of the Commodity Futures Trading Commission

The new proposal would give the derivatives regulator direct oversight of tokens that qualify as 'digital commodities.'

A push in Washington to transform the U.S. derivatives regulator into a top crypto watchdog is gaining steam with a Senate bill that would give the Commodity Futures Trading Commission sweeping new powers to oversee the asset class.

The CFTC, whose purview is now mostly limited to crypto derivati

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