A major milestone for crypto regulation in the U.S.—the House has introduced a sweeping 212-page draft bill aimed at establishing clear rules for digital assets.
Key highlights:
Defines jurisdiction between the SEC and CFTC
Provides a legal path for decentralized tokens to transition out of securities laws
Introduces a distinct framework for stablecoins
Offers protections for developers and validators
Requires exchanges to comply with the Bank Secrecy Act
No carve-outs for blockchain-based derivatives
Rep. Dusty Johnson summed it up: "We need clear, commonsense rules."
Tomorrow’s joint hearing could be a turning point. Is this the regulatory clarity the industry’s been waiting for?