Draft legislation proposes shift in regulatory oversight of digital assets
By EsqSocial Corporation 08/05/25
On May 5, 2025, the US House of Representatives Financial Services Committee and Agriculture Committee released a draft bill that would shift oversight of most digital assets from the Securities and Exchange Commission (SEC) to the Commodity Futures Trading Commission (CFTC). Specifically, the draft bill would amend the definition of “security” in the Securities Act of 1933 and the Securities Exchange Act of 1934 to expressly exclude “digital commodities.”...
By: Eversheds Sutherland (US) LLP