"US Lawmakers Propose Crypto Regulation Framework Amidst Turf War and SEC Reimbursement Amendment"
US lawmakers have introduced a draft bill called the "Digital Asset Market Structure Draft" that aims to create a legal framework for the crypto market. The bill seeks to provide regulatory clarity to digital asset firms and fill the gap between the authorities of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). It also aims to clarify the authority of the CFTC and SEC over digital assets and bring clarity on whether a certain crypto asset is a security or a commodity.