GOP introduces bill to regulate crypto as commodity and provide clarity to markets.

Republican lawmakers have released a draft bill that would provide regulatory clarity for crypto assets and exchanges, allowing digital assets to be traded on more conventional trading platforms and introducing a division of authority between the SEC and CFTC. The bill proposes a clearer pathway for the registered offer and sale of digital assets and a key carve-out for DeFi assets. The draft bill will likely be reshaped and modified in the coming weeks and months, but it represents a powerful vote of support from two influential Republican members.