The U.S. House Financial Services Committee and the White House are drafting a bill to clarify regulations surrounding digital assets, aiming for completion by August 2025.
House Financial Services Committee and White House Collaborate
The House Financial Services Committee is working alongside the White House to develop a cryptocurrency market structure bill. Key figures in this initiative include Representatives Dusty Johnson and Bo Hines.
Bill May Shift Token Oversight
The proposed legislation could potentially reshape the classification of digital assets, moving oversight from SEC to CFTC and enhancing market clarity.
New Legislation Echoes Previous Attempts
Previous efforts, including the Financial Innovation and Technology Act, emphasize the need for clearer definitions regarding decentralization. Experts believe this new bill could redefine token classifications meaningfully.
In conclusion, the upcoming cryptocurrency regulation bill in the United States aims to establish clearer guidelines for digital assets, potentially reshaping the market landscape.
