#SaylorBTCPurchase #DigitalAssetBill The Digital Asset Bill, known as the Financial Innovations and Technologies for the 21st Century Act, 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 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 the project's economy, development plans, and potential risks. The bill amends U.S. securities law, requiring the SEC to consider innovations when developing 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.