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- 🎒 Gate Square “Blue & White Travel Season” Merch Challenge is here!
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The U.S. House of Representatives will release a discussion draft of the regulatory framework for digital assets.
gate News bot message, the Republican leadership of the U.S. House Financial Services Committee and the Agriculture Committee plans to release a discussion draft of the digital asset regulatory framework before the hearing on May 6. This draft is similar to the "21st Century Financial Innovation and Technology Act" passed by the House, (FIT 21), mainly involving the division of regulatory responsibilities for digital assets between the SEC and CFTC.
Ron Hammond, a senior executive at the Blockchain Association, stated: "I haven't seen the specific version of the discussion draft yet," but according to his understanding, the new draft overlaps with the content of the FIT 21 bill by 90%.
Source: The Block