Congress sets sights on federal cryptocurrency rules

U.S. lawmakers are considering new rules to more strictly govern crypocurrencies, top lawmakers told Reuters.

"There's no question about the fact that there is a need for a regulatory framework," said Republican Senator Mike Rounds, a Senate Banking Committee member.

According to Reuters, digital assets currently are in a jurisdictional gray area between the Securities and Exchange Commission, the Commodity Futures Trading Commission, the Treasury Department, the Federal Reserve and individual states.

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