#DigitalAssetBill

In April 2025, House Republicans introduced a draft bill aimed at creating a comprehensive regulatory framework for digital assets, just ahead of the May 6 congressional hearing. Building on prior proposals like FIT21, the legislation offers updated provisions to clarify the roles of federal agencies and deliver more defined guidance for innovators and investors in the crypto space.

The bill proposes a clear division of oversight: the Commodity Futures Trading Commission (CFTC) would regulate digital commodities such as $BTC , while the Securities and Exchange Commission (SEC) would oversee digital assets classified as securities. It also establishes compliance standards for stablecoin issuers, digital asset exchanges, and custodians—covering registration, consumer protection, and transparency.

Crucially, the bill underscores the need to support innovation by promoting a regulatory environment that encourages, rather than hinders, technological advancement in blockchain and crypto. It also recommends forming a joint advisory council made up of regulators and industry leaders to guide the law’s implementation.

As Congress approaches the May 6 hearing, this draft serves as a key milestone in shaping the future of U.S. digital asset regulation.