A new US Senate bill clarifies that bitcoin and ether are classified as commodities and will be regulated by the Commodity Futures Trading Commission (CFTC) . The bill does not mention other tokens or provide criteria for classification. The next step for the bill is to be debated and voted on in the Senate before moving to the House, if passed. Given the upcoming election season, lobbyists are uncertain whether any crypto-related legislation will make it through before the end of the year.
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