Coinbase, Robinhood, CFTC to Testify Before U.S. Congress on Draft Crypto Bill

According to Cointelegraph, Coinbase, Robinhood, and the CFTC will testify before the U.S. Congress on June 6 on a draft crypto bill, and all three will share their views on the proposed bill, which could classify certain crypto tokens as digital goods, among other things. 

The Digital Asset Market Structure Discussion Draft was released on June 2 and is part of a push by Republican Congressmen Patrick McHenry and Glenn Thompson to provide "a statutory framework for digital asset regulation that provides clarity, fills regulatory gaps, and promotes innovation while providing adequate consumer protections . " 

This follows news earlier today , that Coinbase's Chief Legal Officer will testify before Congress on the Digital Asset Market Structure Discussion Draft .