The Responsible Financial Innovation Act would see the Securities and Exchange Commission lose its oversight over digital assets.
Instead, greater powers would be given to the Commodity Futures Trading Commission.
Republican Senator Cynthia Lummis and her Democratic counterpart Kirsten Gillibrand are sponsoring the bill, in a significant bipartisan effort.
Looks like a pretty interesting guideline given the fact that 2 people have come together across partisan lines is an interesting thing to note. But first it has to pass Congress. Seeking out and considering the reviews of those on the Congressional side will be interesting to observe.