#DigitalAssetBill The Digital Asset Bill is proposed legislation aimed at regulating digital assets, including cryptocurrencies and non-fungible tokens (NFTs). Its goals include ¹ ²:
- *Definition and Classification*: Providing clear definitions and classifications of digital assets to ensure regulatory certainty.
- *Regulatory Framework*: Establishing a framework for digital asset transactions, custody, and trading, including roles of regulatory bodies like the SEC and CFTC.
- *Consumer Protection*: Protecting consumers from risks associated with digital assets, such as fraud and scams, through measures like disclosure requirements and dispute resolution mechanisms.
- *Innovation and Growth*: Fostering innovation and growth in the digital asset industry while ensuring regulatory compliance.
House Republicans are set to release a draft bill on crypto regulation ahead of a key hearing on May 6, which may shape the future of digital asset oversight in the US.