#DigitalAssetBill The Financial Innovations and Technologies for the 21st Century Act, known as the DigitalAssetBill, aims to create clear definitions, exemptions, 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 provides a mechanism for recognizing blockchains as decentralized, allowing the SEC to challenge claims made by token issuers. It also introduces a disclosure system requiring issuers to provide information about project economics, development plans, and potential risks. The bill amends U.S. securities legislation, requiring the SEC to consider innovations when developing regulations. The initiative is sponsored by French Hill (Republican from Arkansas), who describes the bill as "landmark," emphasizing its role in protecting consumers and supporting innovation in the United States.