#DigitalAssetBill The Law on Financial Innovations and Technologies for the 21st Century, known as the Digital Asset Bill, aims to create clear definitions, exceptions, and registration procedures for participants in the digital asset market under the oversight of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The bill establishes a mechanism for recognizing blockchains as decentralized, allowing the SEC to challenge the claims of token issuers. It also introduces a disclosure system requiring issuers to provide information about the economics of projects, development plans, and potential risks. The bill amends U.S. securities legislation, requiring the SEC to consider innovations in the development of regulations. The initiative is sponsored by French Hill (Republican from Arkansas), who calls the bill "landmark," emphasizing its role in consumer protection and supporting innovation in the United States.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.