#DigitalAssetBill There are several digital asset bills making waves in the US, both at the federal and state levels. Let's break them down ¹ ² ³:
- *Federal Level:*
- *GENIUS Act*: This bill, introduced by Senator Bill Hagerty, aims to establish a regulatory framework for payment stablecoins. It defines payment stablecoins as digital assets pegged to a fixed monetary value and sets clear procedures for institutions seeking licenses to issue stablecoins. The bill has garnered support from Senators Tim Scott and Cynthia Lummis, who believe it will promote financial innovation while protecting consumers.
- *STABLE Act*: Another bill, the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) Act, seeks to establish a federal regulatory framework for issuing stablecoins in the US. It focuses on consumer protection, illicit finance prevention, and separating banking and commerce.
- *State Level:*
- *North Carolina's Digital Assets Investment Act (HB92)*: This bill, passed by the state's House of Representatives, allows the state treasurer to invest up to 5% of its investment funds into digital assets like Bitcoin through regulated funds. The bill aims to promote financial innovation while ensuring the safety of state funds.
- *North Carolina's State Investment Modernization Act (HB506)*: This companion bill signals the state's desire to remain at the forefront of financial innovation and explore the potential of digital assets.
- *Arizona's Crypto-Related Bills*: Arizona has also made strides in embracing cryptocurrency, with two crypto-related bills passed through both chambers of its legislature. Governor Katie Hobbs is expected to approve the legislation soon.
- *UK's Property (Digital Assets etc.) Bill*: In the UK, the Property (Digital Assets etc.) Bill aims to clarify that digital assets like crypto-tokens, cryptocurrency, and non-fungible tokens can be considered property rights. The bill has undergone further scrutiny in the House of Lords and is expected to have its third reading on May
