Digital Chamber urges Congress to pass crypto bill before recess

The Digital Chamber is urging the U.S. Congress to pass a dedicated crypto bill before lawmakers break for recess. According to ChainCatcher, the proposal would give the Commodity Futures Trading Commission, or CFTC, regulatory authority over crypto exchanges while tightening rules on the segregation of customer funds. Senator Cynthia Lummis also said the Clarity Act could provide a legal basis for freezing suspicious transactions. The update centers on two points: who should oversee crypto trading venues in the U.S., and what legal tools should be available to protect customer assets and respond to suspicious activity. No additional timeline or bill details were disclosed in the brief.