Invoice
Abstract
Standing
Monetary Innovation and Know-how for the twenty first Century Act (FIT21)
Launched by Rep. Glenn Thompson in 2023, this invoice goals to present the Commodity Futures Trading Commission (CFTC) regulatory management over sufficiently decentralized digital property. The SEC would nonetheless oversee digital property labeled as securities.
Handed the Home, awaiting Senate vote
CBDC Anti-Surveillance State Act
Proposed by Rep. Tom Emmer to stop the Federal Reserve from creating or utilizing a central financial institution digital foreign money (CBDC) that immediately interfaces with shoppers, citing issues about privateness and governmental overreach.
Handed the Home, awaiting Senate vote
Readability for Fee Stablecoins Act of 2024
Reintroduced by Rep. Patrick McHenry, this invoice would supply a regulatory framework for U.S. greenback stablecoins, permitting smaller issuers (below $10 billion market cap) to be regulated on the state stage.
Pending in each chambers
Digital Asset Anti-Cash Laundering Act
Proposed by Sen. Elizabeth Warren, it might impose strict anti-money laundering necessities on digital asset suppliers, equating them with conventional monetary establishments. The invoice has sparked criticism for being anti-crypto.
Not but handed in Congress
Monetary Know-how Safety Act of 2023
Advised by Rep. Zachary Nunn, it goals to determine a working group to deal with monetary crimes associated to rising applied sciences like crypto.
Handed the Home, pending Senate deliberation
Equal Alternative for All Buyers Act
Launched by Rep. Mike Flood, this act would let people qualify as accredited buyers by passing a check somewhat than assembly wealth-based standards, broadening entry to non-public investments.
Handed the Home, awaiting Senate approval
Blockchain Regulatory Certainty Act
Rep. Tom Emmer’s invoice proposes exempting blockchain builders and repair suppliers from sure monetary reporting, offered they don’t handle buyer funds immediately.
Superior within the Home committee, but to cross in both chamber
Hold Your Cash Act
Proposed by Rep. Warren Davidson, this invoice goals to guard client rights to make use of self-custodial wallets for transactions, safeguarding private entry to digital property.
No present help for development