#DigitalAssetBill The US has introduced several digital asset bills, but one notable example is H.R.5745 - Digital Asset Market Structure and Investor Protection Act. Introduced in the 118th
Congress (2023-2024), this bill aims to:
- *Define digital assets*: Clarify the definition and classification of digital assets, including cryptocurrencies and other digital tokens.
- *Regulate digital asset markets*: Establish regulatory requirements for digital asset exchanges, custody services, and other market participants.
- *Protect investors*: Implement measures to protect investors, including disclosure requirements, anti-money laundering provisions, and risk disclosure.
Some key aspects of the bill include:
- *SEC and CFTC oversight*: The bill clarifies the roles of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in regulating digital assets.
- *Digital asset classification*: The bill proposes a framework for classifying digital assets as securities, commodities, or other types of digital assets.
- *Market structure*: The bill aims to establish a clear market structure for digital assets, including rules for trading, custody, and settlement.
The bill's sponsors and cosponsors include several members of Congress, such as:
- *Sponsors*: Representatives from various committees, including the House Financial Services Committee and the House Agriculture Committee.
- *Cosponsors*: Additional representatives who have signed on to support the bill.
The bill's progress and implications are being closely watched by the digital asset industry, as it could shape the regulatory landscape for digital assets in the US.