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Jai Hamid

Senate Agriculture Committee Draft Designates Bitcoin and Ether as Digital Commodities

The US Senate Agriculture Committee released a draft bill Monday formally classifying Bitcoin and Ether as digital commodities under CFTC jurisdiction. The bipartisan proposal from Senators John Boozman and Cory Booker establishes regulatory distinctions between digital commodities and investment contracts. The draft requires crypto firms to separate exchange, brokerage, custody, and trading operations.