US Senators: Greater Federal Oversight Needed for Digital Asset Industry

US senators Debbie Stabenow and John Boozman said “greater federal oversight of the digital asset industry is needed.” And they have doubled down on their commitment to publishing a final version of the Digital Commodities Consumer Protection Act 2022 (DCCPA) in the wake of FTX’s collapse.

"Chairwoman Stabenow and I remain committed to advancing a final version of the DCCPA that creates a regulatory framework that allows for international cooperation and gives consumers greater confidence that their investments are safe." wrote Senator Boozman.

Previously, SBF is understood to be a strong supporter of the crypto bill. He has attended several Senate Hearings and published a recent post titled "Possible Digital Asset Industry Standards" on Oct. 19.