A bipartisan pair of U.S. senators unveiled a bill on Tuesday that would establish new rules for cryptocurrency, and hand the bulk of their oversight to the Commodity Futures Trading Commission (CFTC). The bill, introduced by Republican Senator Cynthia Lummis, one of Congress' most vocal cryptocurrency advocates, and Democratic Senator Kirsten Gillibrand, marks one of the most ambitious efforts yet by lawmakers to place clear guard rails around rapidly growing and controversial cryptocurrency markets. The measure would stipulate that the CFTC, not the Securities and Exchange Commission, play the primary role in regulating crypto products, most of which the senators said operate more like commodities than securities.

What follows is an expanded version of my thoughts on Affirm’s expected credit performance in a downturn from the most recent earnings report. I hope it sheds some additional light on our approach and how it is different from those of some of our competitors.

Millions of businesses using Stripe can offer their customers flexible and transparent payment options with Affirm SAN FRANCISCO --(BUSINESS WIRE)--May 31, 2022-- Affirm (NASDAQ: AFRM), the payment network that empowers consumers and helps merchants drive growth and Stripe , a financial