As negotiations slow down the release of a bipartisan bill to regulate stablecoins – until possibly September – lawmakers may put out some initial language soon to spur discussion.
The amendment would increase funding to the Treasury’s Office of Terrorism and Financial Intelligence for blockchain analysis tools, training and investigative support.
The derivatives regulator is upgrading its LabCFTC to an Office of Technology Innovation as cryptocurrency oversight outgrows the sandbox phase, said CFTC chief Rostin Behnam.