US Congressman Introduces 'Digital Asset Regulatory Clarity Act'

Source
Suehyeon Lee

Summary

  • US Congressmen Emmer and Soto announced the introduction of the 'Digital Asset Regulatory Clarity Act.'
  • The bill aims to provide clear regulatory standards for digital assets to reduce market uncertainty.
  • Congressman Emmer emphasized the need to clearly delineate regulatory boundaries so investors can accurately assess risks.
Photo=Bill Text Capture
Photo=Bill Text Capture

US Congressman Tom Emmer, along with Democratic Congressman Darren Soto, has introduced the 'Digital Asset Regulatory Clarity Act.'

On the 26th (local time), Tom Emmer announced in a press release, "Today, Congressman Darren Soto and I have introduced the Digital Asset Regulatory Clarity Act." The aim of this bill is to provide clear regulatory standards for the digital asset ecosystem, reducing market uncertainty while simultaneously promoting innovation and protecting investments.

Regarding this, Congressman Emmer emphasized, "As long as it is not clearly defined what is a security and what is a commodity, American innovation will continue to suffer," adding, "There is a need to clearly delineate the boundaries of regulation so that entrepreneurs can accurately assess risks and create new investment opportunities."

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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