The cryptocurrency sector has been constantly evolving, and regulation has always been a point of debate. Now, the U.S. House of Representatives has introduced a new bill that seeks to provide a clear framework for digital asset transactions, redefining decentralization and granting greater flexibility to retail investors.
Major Changes in Regulation
The new bill introduces specific definitions for digital assets, differentiating them from other financial instruments. Additionally, it proposes shared oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which could improve regulatory clarity in the sector.
One of the most relevant aspects is the redefinition of decentralization. Now, cryptocurrency issuers will be able to adhere to a decentralization test with quantifiable thresholds, allowing them to demonstrate that their projects operate without centralized control.
Impact on Investors and the Market
The bill also removes certain restrictions on the income of retail investors, allowing them greater participation in the crypto asset market. Additionally, it proposes a voluntary early registration pathway for developers and issuers, facilitating the legitimacy of projects.
This regulation not only clarifies the landscape for investors in the U.S. but could also have effects on international markets, including those in Latin America, where cryptocurrency adoption continues to grow.