Bitcoin Senator Lummis Says Her Crypto Bill Leaves Most SEC Oversight Intact

Bitcoin senator Lummis says her crypto bill leaves most SEC oversight intact. "I really don't think that the SEC is going to lose regulatory control, I think they'll retain it when [the digital assets] are investment contracts," she told on the latest episode of the gm podcast. "I think you'll have situations, under our definitions of ancillary assets, where you'll have a digital asset, say Bitcoin, that is the underlying asset that is regulated by the CFTC, but the investment contract in which it is contained is itself regulated by the SEC."