Crypto Regulatory Framework Begins To Take Shape In Congress (Podcast)

The discussion draft of a new crypto market infrastructure bill proposes a new regulatory framework based on shared jurisdiction between the CFTC and SEC, expanded CFTC authority, and new SEC exemptions for token sales and distributions.

Topics covered:

• Summary and discussion of the framework proposed in the discussion draft
• An SEC exemption for digital commodity offerings
• Summary of disclosure requirements under new exemption
• What is a "Mature blockchain system" under the proposed framework
• CFTC's expanded jurisdiction over spot transactions
• SEC updates on integrating TradFi with blockchain

Transcript

The following transcript of this discussion was edited for clarity.