The House advanced sweeping cryptocurrency legislation on Wednesday with bipartisan support, but critics, among them the White House, oppose the bill that they say is too friendly to the industry.
The bill (H.R. 4763) passed 279-136 and 71 Democrats joined with almost all Republicans to support it. The measure would set a new regulatory framework by putting popular tokens Bitcoin and Ether under the jurisdiction of the Commodity Futures Trading Commission and move oversight away from the Securities and Exchange Commission, which has taken a hard line toward crypto regulation.
The action marks the first time the chamber has passed ...
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