Cynthia Lammis revealed the details of the bill to regulate cryptocurrencies – Bits Media

Senator from the state of Wyoming Cynthia Lammis revealed details about the bill to regulate cryptocurrencies. It defines the categories of crypto assets, However, there are no provisions on NFT.

In an interview with Axios Synthia Lammis (Cynthia Lummis) reported, that the bill adapts the legal framework of the United States in this way, so that cryptocurrencies and traditional assets fall under the same normative categories. For example, If bitcoin is considered a product, trading in the spot and futures markets, He will be under the supervision of the US commodity futures commissions (CFTC). And if any cryptoactive can be attributed to the category of securities according to the Haui test, Then he will be controlled by the US Securities and Exchange Commission (SEC), She explained Lamism.

The draft law describes several categories in detail, which can be divided by crypto acts: goods, securities, Stebblecoins and digital currencies of central banks. Each group will be regulated by different committees. However, in the current version of the bill there are no provisions on non -replaced tokens (NFT), Since it is unclear, how they should be classified. Lammis hopes, that in the future, regulatory authorities will come to a common opinion on this issue and decide, what nFT you need to regulate. Unlike cryptocurrencies, Some NFT are sold as unique works of art, while others are used as internal tokens.

Lammis emphasized, that the bill will not limit the development of digital assets. Against, For the cryptocurrency industry, The general market capitalization of which is now reaching almost $1.8 trillion, it is necessary to create a regulatory framework, which will protect users, without preventing the implementation of innovation.

The senator added, that the absence of a congress on the issue of regulation of cryptocurrencies and decentralized technologies led to that, that such departments as SEC make hasty and ill -conceived decisions regarding cryptocurrency companies. After the adoption of this bill, the situation should change, convinced lammis. The bill is not aimed at, To legitimize bitcoin as a payment fund in the United States, However, it can serve as a “starting point” for other countries in regulating cryptocurrencies.

Earlier, Lammis said, that the US Federal Reserve (FRS) deliberately delayed registration of cryptocurrency companies in Vaiming, Despite the presence of special licenses.