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Republicans' Efforts to Regulate Crypto Markets in US May Face Hurdles Without SEC Technical Feedback

The proposed legislation by Republicans to create new regulations for crypto markets in the US may face challenges due to the Securities and Exchange Commission's (SEC) lack of technical feedback.

The bill aims to clarify the path for a digital asset to transition from being a security to a commodity and grant the Commodity Futures Trading Commission more power over crypto commodities markets.

However, the SEC's lack of assistance may hinder the bill's chances of gaining Democratic support. Lawmakers are cautious about accommodating the volatile crypto industry and may see supporting any bill as politically risky.

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