United States senators Debbie Stabenow and John Boozman have doubled down on their commitment to publishing a final version of the Digital Commodities Consumer Protection Act 2022 (DCCPA) in the wake of FTX’s shocking collapse.
But the members of the U.S. Senate Committee on Agriculture, Nutrition and Forestry confirmed their intentions in a Nov. 10 statement — stating “the events that have transpired this week reinforce the clear need for greater federal oversight of the digital asset industry.”
Bankman-Fried is understood to be a strong supporter of the crypto bill.
He has attended several Senate Hearings and published a recent post titled “Possible Digital Asset Industry Standards” on Oct. 19.
The bill will still need to be passed by both the U.S. Senate and House of Representatives and be signed by President Joe Biden in order to become law.

Source - Coin Telegraph

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