#DigitalAssetBill
refers to the Financial Innovation and Technology for the 21st Century Act (FIT21), a landmark U.S. legislative proposal aiming to establish a comprehensive regulatory framework for digital assets. FIT21 delineates oversight responsibilities between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) based on the decentralization level of the asset's underlying blockchain. Under this bill, decentralized digital assets would fall under the CFTC's purview, while centralized ones would be regulated by the SEC. The legislation also introduces clear guidelines for stablecoins, exempting certain types from both agencies' oversight, except in cases of fraud or specific transactions. By providing regulatory clarity, FIT21 aims to foster innovation, protect investors, and solidify the U.S.'s position in the global digital economy. With bipartisan support, the bill is poised to reshape the digital asset landscape, offering a balanced approach
