Bankman-Fried-backed bill on hold until next Congress, says Senate chair
The Digital Commodities Consumer Protection Act, or DCCPA, whose association with Sam Bankman-Fried has come under added scrutiny following FTX's collapse, is on pause until next year. The crypto exchange legislation will have to wait until the next Congress convenes in January.
Senate Agriculture Committee Chair Debbie Stabenow, D-Mich., confirmed the delay after a hearing on the topic with Commodity Futures Trading Commission Chair Rostin Behnam, another proponent of the bill. "We look forward going into the new year, given the fact that this is December," Stabenow said. Speaking to reporters after the hearing, Behnam emphasized cooperation with the SEC.
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