This is an American bill aimed at clarifying the regulatory framework for cryptocurrencies by defining qualified digital assets and separating them from securities.
- **Regulation**: It grants the Commodity Futures Trading Commission (CFTC) greater powers over cryptocurrency markets, instead of the Securities and Exchange Commission (SEC) in some cases.
- **Transparency**: It imposes strict disclosure requirements on trading platforms and blockchain projects to ensure transparency of operations and safeguard investors' security.
- **Impact**: It is expected to enhance market confidence, encourage innovation, and open the door for broader adoption of digital currencies within the traditional financial system.
- **Current Status**: It is still under discussion in Congress, with no final approval yet.
