U.S. House Financial Services Committee to Begin Markup of 'Digital Asset Market Bill' on the 10th
Summary
- The U.S. House Financial Services Committee announced that it will begin markup procedures for the 'Digital Asset Market Bill (CLARITY)' on the 10th.
- The bill reportedly focuses on clarifying the legal definitions and regulatory responsibilities of Bitcoin (BTC), Ethereum (ETH), and stablecoins as virtual assets.
- The bill also includes provisions clarifying the supervisory authority between the SEC and CFTC, which is expected to have a significant impact on investors.
The U.S. House Financial Services Committee appears to be accelerating its legislative efforts for the 'Digital Asset Market Bill (CLARITY)' set for the 10th.
According to Cryptopolitan on the 6th (local time), the House Financial Services Committee will begin the markup (committee-level review and amendment procedure) of the 'Digital Asset Market Bill (CLARITY)' on the 10th.
This bill focuses on clarifying the legal definitions and regulatory responsibilities of virtual assets (cryptocurrencies) such as Bitcoin (BTC), Ethereum (ETH), and stablecoins. In particular, it includes provisions that define the supervisory authority between the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
The markup process for the bill is scheduled to take place at the Rayburn House Office Building in Washington, D.C., where the committee plans to discuss amendments and prepare the final draft to be presented to the full House.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
