Senator Kirsten Gillibrand and Senator Cynthia Lummis released a bipartisan crypto bill on June 7. It proposes radical changes by handing crypto regulation over to CFTC, or Commodity Futures Trading Commission, not the SEC which is in a lawsuit with XRP at the moment. The crypto bill also promises increased regulation for stable coins like Tether, which could have big implications for tethers' price prediction in the future.

00:00 - Responsible Financial Innovation Act aka Crypto Bill
03:15 - SEC Chair Gary Gensler's Opinion on Crypto
05:30 - CFTC Regulation For Crypto
08:50 - Stablecoin Regulation
09:55 - It's far from becoming a reality