What is the proposed US Senate Bill for the Crypto Industry?

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What is the proposed US Senate Bill for the Crypto Industry?

Crypto investors are anxiously awaiting the outcome of a US Senate bill, which, if passed, would effectively give reign to its preferred regulator - the Commodity Futures Trading Commission, or the CFTC. The bill is set for introduction in the US on 7th June and effectively sidelines the SEC chairman, Gary Gensler, who has taken an aggressive view toward crypto-assets. Bitcoin grew again from yesterday, climbing around 3.5 per cent and was recently trading at US$31,038.  

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