#DigitalAssetBill The draft bill seeks to formalize the division of oversight between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Under the proposal, the CFTC would regulate digital commodities such as Bitcoin, while the SEC would handle digital assets that resemble securities. The bill also outlines requirements for stablecoin issuers, digital asset exchanges, and custodians, including registration mandates, customer protection rules, and transparency standards.

Notably, the bill emphasizes the importance of innovation and seeks to foster a regulatory environment that does not stifle growth in blockchain and cryptocurrency technologies.