Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
This bill creates a new set of rules for buying, selling, and trading digital assets like cryptocurrency. It splits oversight between two federal agencies, the SEC and the CFTC, and sets up a process for crypto projects to "mature" into less regulated status. It also bans the Federal Reserve from creating a government-run digital dollar. If this passes, crypto companies would need to register with the government, follow new consumer protection rules, and meet disclosure requirements, while the Fed would be blocked from issuing its own digital currency.
This bill would create the first comprehensive federal rulebook for cryptocurrency, directly affecting how millions of Americans buy, sell, and store digital assets. It also guarantees your right to hold crypto in your own wallet and adds new protections if an exchange goes bankrupt.