Legislation intended to provide clarity on which U.S. government agency should be in charge of regulating crypto needs more work, according to Grant Fondo, a former federal prosecutor for the Northern District of California. Fondo, who is now co-chair of Goodwin’s Digital Currency & Blockchain Technology practice, told CoinDesk TV’s “First Mover" program Monday that although the bill could prove to be significant, “it’s still pretty vague.” He said there are no clear boundaries between the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission on regulating digital assets. “Do I think it will end the uncertainty? Not totally, at all,” Fondo said of the Senate's bill. Read the CoinDesk article here.
In The Press August 08, 2022