"U.S. Lawmakers Introduce Bills for Crypto Oversight and Clarity"

Republican chairs of the House Financial Services Commission and Agriculture Committee have proposed legislation that would allow crypto exchanges to register with the SEC and trade digital securities, commodities, and stablecoins in one place. The bill would also establish a new category of registered business for digital commodity exchanges under the CFTC. The legislation is a "discussion draft" and has not yet drawn Democratic support. The SEC would retain the power to determine which assets are securities, but an SEC-registered crypto exchange would have the ability to set up trading in stablecoins and commodities.