The bill also calls for the Federal Reserve to be vested with the clear authority to issue a digital dollar.
A new bill introduced by United States House Democrat Don Beyer of Virginia has proposed a far-reaching regulatory and legal framework for digital assets across the board.Entitled “The Digital Asset Market Structure and Investor Protection Act of 2021,” the bill touches on virtually all the important grey areas that continue to exist regarding cryptocurrencies in the U.S. context. One of its primary goals is to establish statutory definitions for digital assets and digital asset securities, bringing the former under the purview of the Commodity Futures Trading Commission (CFTC) and the latter under that of the Securities and Exchange Commission. Both the SEC and CFTC would be tasked with providing legal clarity regarding the regulatory status of the top 90% of crypto assets by market cap and trading volume.Moreover,

Czytaj więcej

Źródło: https://cointelegraph.com/news/new-bill-proposes-us-treasury-to-have-full-authority-over-fiat-stablecoins