Republican and Democratic legislators are considering new regulations on cryptocurrencies, several lawmakers told Reuters.
Here are three things to know about the discussions.
1. Federal lawmakers may seek tougher oversight on cryptocurrencies to address any risk the digital assets may pose to the U.S. economy.
2. Jurisdiction of cryptocurrencies falls between several governing bodies, including states, the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Treasury Department and the Federal Reserve, Reuters reports.
3. Some Republican and Democratic lawmakers are concerned about speculative trading and investing in the digital assets, with some questioning if cryptocurrencies should be regulated as securities under the SEC's rules, Reuters reports.
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