Measure Introduced by Top Democrats and Republicans on Senate Agriculture Committee, Bitcoin to Derivatives Regulator

As well as any other crypto products that are determined to be commodities.

Registration with the CFTC including brokers, custodians and exchanges

According to the bill's description provided by the senators, this registration is to maintain fair value

Senate Agriculture Committee Chair Debbie Stabeno and the Panel's Top Republican

Keeping the larger share will provide much needed regulatory clarity to the crypto market

This booming industry is currently largely governed by a patchwork of regulations at the state level

Stabeno told reporters that the bill is not intended to cover the entire cryptocurrency market

There's a lot of confidence in being able to use that," she said

The window for legislative action is closing in ahead of the November midterm elections.

The window for legislative action is closing in ahead of the November midterm elections.