Summary
- The US House is expected to announce a revised version of the virtual asset market structure bill today.
- The House Financial Services Committee announced that it will hold a hearing on the amendment on June 4th.
- The bill regulates the disclosure obligations of virtual asset projects and the registration of developers with the SEC or CFTC.
The US House leadership is set to announce a revised version of the virtual asset market structure bill today.
On the 28th (local time), Crypto in America cited informed sources stating, "The US House is expected to announce the latest amendment to the virtual asset market structure bill today," adding, "The House Financial Services Committee will hold a hearing on the amendment on June 4th (local time)."
This bill is a follow-up to the 21st Century Financial Innovation and Technology Act (FIT2) passed in the last session, regulating the disclosure obligations of virtual asset projects. It also includes provisions for developers to register with the Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC).
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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