#DigitalAssetBill Last month, the House Financial Services Committee released a discussion draft on the “Structure of the Digital Asset Market” to clarify when digital tokens are considered securities versus commodities, and to establish disclosure and registration requirements for issuers and trading platforms. At the same time, Senators Bill Hamerte (Republican) and Kirsten Gillibrand (Democrat) led a bill focusing on regulating stablecoins, but nine Democrats withdrew their support in objection to the anti-money laundering standards and limiting systemic risks. Both drafts aim to enact the first comprehensive federal rules for digital assets, with each differing in scope: Draft