Stacks Blockchain Project Aims to Introduce Smart Contracts to Bitcoin
Blockchain project Stacks has released a whitepaper outlining a new digital asset called "Stacks bitcoin" (sBTC) that aims to make Bitcoin fully programmable. Bitcoin's more straightforward scripting language currently limits what developers can create on the platform.
Who would end up regulating Bitcoin, the SEC or CFTC?
At the center of this debate are two federal agencies: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Both agencies have jurisdiction over different aspects of the cryptocurrency market and have taken different approaches to regulate it.