Coinbase, Robinhood, and CFTC will testify before the US Congress on the draft cryptocurrency bill.

According to BlockBeats news on June 6th, Coinbase, Robinhood, and CFTC will testify before the US Congress on June 6th regarding the proposed crypto bill. The three parties will share their views on the bill, which may classify certain crypto tokens as digital commodities. The "Digital Asset Market Structure Discussion Draft" was released on June 2nd and is part of a push by Republican Congressmen Patrick McHenry and Glenn Thompson to provide a "statutory framework for digital asset regulation to provide clarity, fill regulatory gaps, and promote innovation, while providing adequate consumer protection." Earlier today, Coinbase's chief legal officer testified before Congress on the "Digital Asset Market Structure Discussion Draft."