House Ag Committee leader talks new bills to treat more cryptos like commodities By Cointelegraph

House Ag Committee leader talks new bills to treat more

House Ag Committee leader talks new bills to treat more cryptos like commodities

Two bills introduced last week looked to solidify the roles of the Securities and Exchange Commission and the Commodity Futures Trading Commission — respectively the regulators for securities and commodities in the United States. The bills featured many of the usual suspects in legislation touching on crypto but one less familiar face was U.S. Representative Mike Conaway (R-TX).

Currently serving as the ranking member of the House Agriculture Committee, Conaway has been in Congress since 2005, predating Bitcoin’s whitepaper. His tenure has not been especially crypto-heavy. Nonetheless, he’s behind a bill that could transform how the U.S. handles crypto exchanges, which is important because it’s the Ag Committee that governs the CFTC.

Federal licensing for crypto exchanges

New definitions for new assets

Commodities vs. securities

Outlook for the bill in the Ag Committee

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