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The U.S. Senate Agriculture Committee released a draft on encryption regulation: expanding CFTC powers but still controversial.

[U.S. Senate Agriculture Committee Releases Encryption Regulatory Draft: Expanding CFTC Authority but Still Controversial] The U.S. Senate Agriculture Committee has released a regulatory draft for encryption, proposing to expand the authority of the CFTC and establish an encryption fee mechanism, but several unresolved issues remain. Democratic Senator Booker warned of insufficient resources for the CFTC, and some provisions involve conflicts of interest for the Trump family in the encryption field. Industry insiders have described this move as a positive step towards regulatory clarification.

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