📜 In a bold move that could reshape the entire crypto landscape, House Republicans have unveiled a groundbreaking draft bill to establish a federal regulatory framework for digital assets in the U.S.! Spearheaded by key committee leaders—Reps. French Hill, G.T. Thompson, Bryan Steil, and Dusty Johnson—the legislation aims to end the tug-of-war between the SEC and CFTC, giving each agency clear roles in overseeing crypto. The bill lays out key definitions for digital assets like “blockchain systems” and “decentralized governance,” while also shielding common practices like mining and staking from being classified as securities. 😱💡
💼 The draft outlines a dual-path registration system—exchanges and brokers would register with the CFTC, while the SEC retains authority over traditional and hybrid securities. Crucially, it protects DeFi and self-custody rights, stating federal agencies cannot ban private wallets. 🛡️💪 Rep. Steil hailed the moment as the start of a “golden age” for crypto $BTC , while Johnson stressed the U.S. must offer “commonsense” rules to remain a global crypto powerhouse. The bill also supports joint rulemaking and deeper studies into NFTs and blockchain tech to future-proof the framework. 🔍📈
🧠 Lawmakers are wasting no time—on May 6, a high-stakes joint hearing kicks off to refine the bill and gather input from key stakeholders in what they’re calling “A Blueprint for the 21st Century.” This legislation is designed to end the confusion, protect consumers, and drive innovation forward. 📢💼 Whether you're a developer, investor, or casual holder, this bill could be the crypto game-changer the U.S. has been waiting for! 🇺🇸💰📊
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