Wow! Big news today! The U.S. Encryption Act
The FIT21 bill was successfully passed by the House of Representatives!
The vote was quite disparate, 278 to 136!
This bill has received unanimous support from both parties in the United States.
It fully demonstrates the US Congress's commitment to building a stable and creative
How much attention is paid to the new and dynamic digital asset regulatory environment!
But don't be too happy too soon. If this bill is to really come into effect,
In order for it to be effective, it must be successfully approved by the Senate and signed by the President himself!
Hey, did you know that the FIT21 Act, also known as the 21
The 21st Century Financial Innovation and Technology Act is in the legislative process in the United States.
It has a very important position in the world and is definitely a
Its main purpose is to give numbers
Digital assets create a clear and explicit regulatory framework
Let's take a look at the details. First of all, the regulatory authorities
The roles are clearly defined! Commodity futures trading
The CFTC is proposed to be the boss of crypto asset regulation
We must be responsible for properly supervising crypto products and related products!
At the same time, the Securities and Exchange Commission (SEC) also clarified its
The regulatory tasks for some digital assets, especially those that are clearly defined
What about the assets of securities? Then, in terms of consumer protection
Yes, the bill has carefully arranged a series of measures to protect consumers.
What about the clauses that are bullied by the risks of the crypto asset market?
Existence is so important, just to ensure that there are fluctuations in the market
Or when a company goes bankrupt, consumers' interests will be protected.
The land is well protected, haha, the word "consumer" is still used here
It's really interesting! Also, I want to promote the bill.
Innovation! It is to reduce regulatory uncertainty and give
Issue clear regulatory guidelines to encourage the digital asset market
To innovate and develop, so that the United States can play a leading role in global digital assets
Finally, in the market structure
In terms of adjustments, the FIT21 Act has created a series of new registration categories.
No, these are specially prepared for digital asset intermediaries
These new categories will be neatly placed into existing securities and commodities.
In the legal framework of product derivatives, it will be able to better adapt to the unique needs and development of the digital asset market!
In short, the emergence of FIT21 is to provide
A clear regulatory framework, further strengthening of consumer protection and
A series of powerful measures such as vigorously promoting market innovation have made the United States
The digital asset market is stable and can flourish
We must pay close attention to the follow-up of this bill.
Let’s see how far-reaching the impact it will have on the digital asset field!
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