U.S. Bill for Digital Asset Regulation

Key Proponents:

French Hill (House Financial Services Committee Chair)

G.T. Thompson (House Agriculture Committee Chair)

Bryan Steil (Chair, Subcommittee on Digital Assets & AI)

Dusty Johnson (Chair, Subcommittee on Commodity Markets & Digital Assets)

Purpose:

To create a clear regulatory framework for digital assets in the U.S.

To resolve uncertainties surrounding oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

To provide legal clarity and encourage innovation while protecting consumers.

Expected Key Components (based on similar past drafts and statements):

Clear definitions of digital assets, digital commodities, and digital securities.

Guidelines for when tokens start as securities but become commodities (e.g., upon decentralization).

Registration and compliance rules for exchanges and issuers.

Coordination mechanisms between the SEC and CFTC.