The current version of the bill to regulate cryptocurrencies in the United States did not contain provisions on non-exchangeable tokens (NFT) and environmental issues. This was stated by the US Senator from Wyoming Cynthia Lummis.

According to him, the difficulty in their classification became an obstacle to the inclusion of NFTs in the document. The senator expressed hope that in the future, regulators will reach a consensus on this issue.

Lummis said the bill adapts the US legal framework so that cryptocurrencies and traditional assets fall into the same regulatory categories.

In particular, it will divide between the powers CFTC and SEC. Under the supervision of the first section, assets that are considered a commodity and traded on the spot or futures markets will fall, the second – belongs to the category of securities according to the Howey test.

The Senator added that the bill would allow the use of cryptocurrencies for payments and the integration of the asset class into 401(k) retirement savings account packages. Earlier, Fidelity Investments announced its plans to provide customers with a similar opportunity.

The document also covers: CBDChowever, Lummis declined to give details.

Recall that work on a comprehensive document from taxation to consumer protection began in December 2021.

In March 2022, Lummis and colleague Kirsten Gillibrand announced that the bill would give the CFTC additional powers and would include security definitions used by the SEC.