digitalassetframework

US lawmakers propose a regulatory framework for digital assets, aiming to provide clarity and protection in the growing sector. The Financial Innovation and Technology for the 21st Century Act (FIT21) establishes regulatory jurisdiction, defines digital asset categories, and sets registration requirements [2][1].

*Key Points:*

- *Regulatory Jurisdiction*: SEC regulates "restricted digital assets," while CFTC regulates "digital commodities."
- *Digital Asset Categories*: Defines digital commodities, restricted digital assets, and permitted payment stablecoins.
- *Registration Requirements*: Digital asset intermediaries must register with SEC or CFTC.

*What's Next?*

The bill was passed by the US House of Representatives, but its future in the Senate is uncertain due to opposition from the White House and SEC Chairman Gary Gensler.

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