Summary
- French Hill, the U.S. Representative, reportedly released a substitute amendment to the U.S. Digital Asset Market Clarity Act.
- The substitute amendment primarily aims to clarify the legal definitions and regulatory responsibilities of virtual assets such as Bitcoin, Ethereum, and stablecoins.
- It was reported that the amendment includes content that clarifies the supervisory authorities of the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
On the 8th (local time), Eleanor Terrett reported that French Hill, the U.S. Representative from Arkansas, released a substitute amendment (ANS) to the U.S. Digital Asset Market Clarity Act.
The substitute amendment is an updated version of the original bill, and markup (committee-level review and revision) based on this amendment is expected to take place on the 10th.
This bill primarily aims to clarify the legal definitions and regulatory responsibilities for virtual assets (cryptocurrencies) such as Bitcoin (BTC), Ethereum (ETH), and stablecoins. In particular, it includes provisions that define the oversight authorities of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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