digitalassetbill

The latest significant development in U.S. cryptocurrency legislation is the passage of the *Financial Innovation and Technology for the 21st Century Act (FIT21)* by the House of Representatives on *May 22, 2024*. This bill aims to provide a clearer regulatory framework for digital assets by delineating the roles of the *Securities and Exchange Commission (SEC)* and the *Commodity Futures Trading Commission

🏛️ Key Provisions of FIT21

Regulatory Classification*: Digital assets would be classified as commodities under the CFTC if their underlying blockchain is "functional and decentralized." Conversely, if the blockchain is "functional but not decentralized," the assets would be considered securities, falling under SEC jurisdiction.

Dual Registration*: The bill allows digital asset intermediaries to register with both the SEC and CFTC, facilitating compliance across both regulatory bodies.

Disclosure Requirements*: It mandates that issuers provide clear disclosures and information, ensuring transparency in the digital asset market.

🗳️ Legislative Process and Support
The House passed FIT21 with a *279-136* vote, including support from *71 Democrats* and *208 Republicans*. Proponents argue that the bill addresses the regulatory uncertainty currently facing the crypto industry and provides a balanced approach to oversight.

⚖️ Opposition and Criticisms

SEC Chair Gary Gensler* has expressed concerns that FIT21 could create regulatory gaps and undermine decades of precedent regarding the oversight of investment contracts.

Rep. Maxine Waters (D-Calif.)*, Ranking Member of the House Financial Services Committee, criticized the bill for potentially stretching the CFTC's resources and weakening the agency's enforcement capabilities.

🔮 Outlook

While FIT21 has passed the House, its future in the Senate remains uncertain. Investment bank TD Cowen notes that the bill has "no chance" of becoming law in the current Congress but could set the stage for future legislative efforts on crypto market structure.
#DigitalAssetBill

#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

The upcoming bill could bring clarity to the crypto market, but its impact depends on the specifics. Recent developments show House Republicans are working on legislation to regulate digital assets, including stablecoins.
A discussion draft released by Chairman French Hill and Subcommittee Chairman Bryan Steil aims to establish a framework for payment stablecoins, providing clarity and a federal pathway for issuers.
Potential Benefits of Clear Regulation:
- Increased Investor Confidence: Clear rules could attract more investors and promote market stability.#DigitalAssetBill

#DigitalAssetBill
#DigitalAssetBill The Digital Assets Law aims to define the legal status of cryptocurrencies and non-fungible tokens, thereby enhancing the protection of their owners and encouraging investment. This project is an important step in clarifying the legal framework and strengthening London's position as a leading financial center...$BTC
#DigitalAssetBill

#DigitalAssetBill is a term used to refer to draft laws or official legislation related to digital assets such as Bitcoin, Ethereum, stablecoins, NFTs, and other forms of tokenized assets. The main objectives of these bills are:
1. Define the legal concept
What is a digital asset?
Classification of digital assets: securities, commodities, currency, or intangible assets?
2. Establish monitoring and management mechanisms
Who has the authority to manage? (Central banks, securities agencies, tax authorities…)
Regulations for exchanges, digital wallets, token issuers...
3. Combat money laundering and fraud
KYC/AML requirements (User identity verification)

#DigitalAssetBill 283331

#DigitalAssetBill is a step into the future of the digital economy. The adoption of this law means the official recognition and regulation of digital assets, including cryptocurrencies, tokens, and NFTs. It opens up new opportunities for both investors and innovative startups working in the blockchain sector. Transparency, user rights protection, and the attraction of new technologies are the key advantages of the bill.
It creates a stable legal framework for the development of Web3, DeFi, and other decentralized solutions. This is a signal to businesses: it is time to act. I support this initiative as a necessary step towards economic freedom and digital transformation!

#DigitalAssetBill The Republicans draft bill about Digital Assets is not as important as the key hearing on the US Congress this May 6, more regulation at this point seems counterproductive for Bitcoin and the market

#DigitalAssetBill so what should I do to be better than before or should I go back to the past that has just passed
come on, decide what you want to do today and in the future

#DigitalAssetBill

Cryptocurrencies and tokens. Here is a brief overview:
For example, the Ownership Bill (Digital Assets, etc.) in the United Kingdom states that certain digital assets can have ownership rights, even if they do not fall within the traditional categories of personal property. This law provides certainty and protection for individuals and businesses that own or deal with digital assets.

#DigitalAssetBill The term "Digital Asset Bill" can refer to various proposed legislations across different jurisdictions aimed at regulating or clarifying the legal status of digital assets, such as cryptocurrencies, non-fungible tokens (NFTs), and other blockchain-based assets. Since the query doesn't specify a particular bill or country, I'll provide a brief overview based on prominent examples, focusing on the Property (Digital Assets etc.) Bill in the UK, as it’s a recent and well-documented case, and touch on general themes in digital asset legislation globally.

#DigitalAssetBill The UK government has introduced the Property (Digital Assets etc) Bill to clarify the legal status of digital assets. This bill aims to provide greater legal protection to owners of digital assets, including cryptocurrencies like Bitcoin, non-fungible tokens (NFTs), and carbon credits, by recognizing them as personal property under English and Welsh law.¹
*Key Provisions:*

#DigitalAssetBill DigitalAssetBill
The Property (Digital Assets etc) Bill [HL] has seen some recent updates. This bill, which focuses on the legal status of digital assets in England and Wales, has gone through various stages of approval in the UK Parliament, with the latest update taking place on April 28, 2025.
The legislation aims to ensure that digital assets, such as crypto tokens, are not excluded from legal protections simply because they do not fit traditional categories of personal property. This move follows recommendations from the Law Commission for England and Wales, which advocated for legal recognition that digital assets can be subject to ownership rights.
Do you think this is a necessary step for the future of digital assets?

#DigitalAssetBill

🇺🇸 FIDELITY HAS JUST BOUGHT $6,430,000
WORTH OF ETH ON COINBASE.

#DigitalAssetBill
Digital Asset Bill 2025: Shaping the Future of Crypto Regulation 🔐🌍
Governments across the globe are stepping up to regulate the digital asset space with clear, bold moves. In the U.S., the FIT21 Act passed the House, aiming to divide regulatory powers between the SEC and CFTC, offering a more transparent legal path for crypto businesses. Meanwhile, Dubai’s DIFC introduced a landmark Digital Assets Law recognizing crypto as property and setting rules for ownership and transfer. The Bahamas updated its DARE Act 2024, covering stablecoins and staking services for greater consumer , the Virtual Assets Bill 2025 lays the groundwork for blockchain integration and a potential digital rupee.
These developments mark a major shift toward responsible innovation and

#DigitalAssetBill The "Virtual Assets Bill 2025" has been introduced, aiming to establish a regulatory framework for the country's rapidly growing digital assets market. Virtual Assets Bill 2025” outlines plans to create a Digital Rupee, pegged to the Pakistani Rupee, under the central bank's oversight. It aims to regulate the

#DigitalAssetBill The Property (Digital Assets etc) Bill [HL] has seen some recent updates. This bill, which focuses on the legal status of digital assets in England and Wales, has gone through various stages of approval in the UK Parliament, with the latest update taking place on April 28, 2025.
The legislation aims to ensure that digital assets, such as crypto tokens, are not excluded from legal protections simply because they do not fit traditional categories of personal property. This move follows recommendations from the Law Commission for England and Wales, which advocated for legal recognition that digital assets can be subject to ownership rights.
Do you think this is a necessary step for the future of digital assets?

#DigitalAssetBill i think that is a great project. i hope in future this project will break all records in crypto market.

#DigitalAssetBill DigitalAssetBill The Republican Party in the US House of Representatives is set to release a draft digital asset bill before May 6. This development is significant for the cryptocurrency and digital asset industry, as it may shape future regulations and policies.
*Key Points:*
- *Draft Release*: The digital asset bill is expected to be released by the Republican Party in the US House of Representatives before May 6.
- *Industry Impact*: The bill may have significant implications for the cryptocurrency and digital asset industry, including potential regulations and policies.

#DigitalAssetBill Bitcoin dips to $90,800 amid profit-taking and dollar strength
Bitcoin has faced notable volatility, falling to an intraday low of $90,770 before bouncing back to $93,500 on Wednesday. Its market dominance decreased to 57.36% due to profit-taking and market turbulence sparked by Trump's trade policy announcements. As of 12:19 p.m., Bitcoin was down 0.6% at $93,461 over the past 24 hours, while Ethereum, the second-largest cryptocurrency, gained 0.46% to $3,426.
Bitcoin dips below $93,000 amid rising liquidations and profit-taking
Bitcoin faced selling pressure on Tuesday, dipping to $92,600 before recovering to $94,600. Its market dominance fell to 57.38%, impacted by long-position liquidations. By 12:19 p.m., Bitcoin was trading 3.5% lower at $94,785, while Ethereum rose 1.5%