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The Digital Asset Bill is a general term for legislation aimed at regulating digital assets such as cryptocurrencies, non-fungible tokens (NFTs), stablecoins, and others. These laws seek to provide a clear legal framework for dealing with these assets, enhancing investor protection and supporting innovation in this field.
Key bills in the United States:
*Digital Asset Market Structure and Investor Protection Act:
1- Aims to define the authorities of both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in regulating digital assets.
2- Defines "major digital assets" as those digital assets with the highest market value and daily trading volume.
3- Requires regulatory bodies to classify these assets either as digital assets or as digital securities within a specified time frame.
**Digital Asset Anti-Money Laundering Act:
1- Requires the Financial Crimes Enforcement Network (FinCEN) to issue guidelines for regulating digital assets.
2- Aims to enhance transparency and prevent the use of digital assets in illegal activities.