California Rep. Maxine Waters (NYSE:), ranking member of the United States House Financial Services Committee, has called on leadership at federal regulatory agencies to weigh in on a proposed framework for digital assets.
In separate letters dated June 23, Waters requested Treasury Secretary Janet Yellen and Securities and Exchange Commission (SEC) Chair Gary Gensler provide information on the possible impact of the “Digital Asset Market Structure” bill. The legislation proposed by Republican lawmakers on June 1 aimed to establish a comprehensive framework on digital assets in the U.S. in part by addressing regulatory gaps between the SEC and Commodity Futures Trading Commission.