refers to a discussion draft published by the U.S. House of Representatives to establish a clear regulatory framework for digital assets. This effort involves the Committee on Financial Services and the Committee on Agriculture. The draft aims to protect consumers, promote innovation, and consolidate U.S. leadership in the digital asset space by providing regulatory clarity. Key provisions include differentiating between regulated digital assets such as securities (SEC) and commodities (CFTC), criteria for decentralization, clarity on digital commodities, transparency and disclosure requirements, rules for accredited investors, and the need for collaboration between the SEC and CFTC. The draft builds on previous efforts such as the Financial Innovation and Technology for the 21st Century Act (FIT21). In summary, the draft represents an important step toward a comprehensive regulatory framework for digital assets in the U.S., although the path forward may involve debates and negotiations among lawmakers. #BTC
0 people tipped the creator.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.