Bill Huzeigha, a US congressman has challenged the United States Congress to regulate the crypto markets just like commodity and stock markets. While talking in his office, he regarded the initial coin offering and digital market has been shady to some extent. He believed that the regulation will help put transparency in the crypto markets and investors can get some protection.
Bill stated that the lawmakers are going to take actions on the regulations but just that agreement has not been reached between parties involved. There are contemplation as to whether cryptos are securities, commodity or just money between different parties involved in the regulation.
Recently, a bitcoin Exchange-Traded Fund was rejected by SEC.