🔔#CryptoNews Alert!🔔 Senate Agriculture Committee Chairwoman, Debbie Stabenow, is on the brink of presenting a legislative proposal for crypto oversight to her panel members! 📜 But, the panel's senior Republican, John Boozman, is skeptical, saying the industry isn't ready.🤔

Meanwhile, CFTC Chair, Rostin Behnam, is sounding the alarm, urging Congress to act fast on digital assets. He believes the lack of regulatory action is hurting investors and putting the U.S. at a competitive disadvantage. 📉

Stabenow's proposal aims to give the CFTC authority to regulate spot trading in digital commodities like Bitcoin and Ethereum. But the details are still under wraps. 🕵️‍♂️

The U.S. House of Representatives has made more progress on crypto legislation, but the Senate has been more critical. Time is running out in this session of Congress, and the upcoming November elections will only complicate matters. ⏰

What's your take on this? Is the U.S. falling behind in crypto regulation? Let's discuss! 💬 #CryptoRegulation #USCongress #CFTC