framework for digital assets with the introduction of the Financial Innovation and Technology for the 21st Century Act. This bill aims to provide clarity on the split between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission $BNB jurisdiction over $ETH crypto assets.
Key Provisions:
- Clear Split between SEC and CFTC Authority: The bill proposes a clear division of authority between the SEC and CFTC, providing clarity on regulatory oversight.
- Legal Framework for Token Classification: A framework for token classification would help determine which tokens fall under the SEC's purview and which would be regulated by the CFTC.
- On-Ramps for Projects to Register and Raise Capital: The bill would allow projects to register and raise capital through digital assets, providing a pathway for innovation.
- Unified Oversight for Centralized Exchanges: Centralized exchanges would be subject to unified oversight, ensuring consistency and transparency.
Implications:
- Unlocking Institutional Capital: If passed, this bill could unlock trillions in institutional capital, driving growth and adoption in the crypto market.
- Regulatory Clarity: The bill would provide much-needed regulatory clarity, helping to protect consumers and foster innovation.
- Bipartisan Support: The bill has bipartisan support, increasing its chances of passage ¹.
Recent Developments:
- Repeal of IRS DeFi Broker Rule: President Trump has signed a resolution overturning an IRS rule that would have required DeFi platforms to report $BTC
$BNB crypto transaction data, alleviating regulatory burdens on DeFi participants ².
#USHouseMarketStructureDraft ries #USStablecoinBill #BinanceLaunchpoolSXT #AppleCrypto #BinanceBoom #ETHRally #BTCHype #LearnAndDiscuss 
