Search Results for keywords:"digital assets"

Search Results: keywords:"digital assets"

H. R. 2969 — An Act To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
July 22, 2024
Status:Engrossed in House
Congress:118
Words:1,599
H.R. 2969, known as the "Financial Technology Protection Act of 2023," aims to create an Independent Financial Technology Working Group to address terrorism and illicit financing. This group will include various government agencies and representatives from financial...
Simple Explanation
The Financial Technology Protection Act of 2023 is all about making a special group of experts to help stop bad guys from using new digital money for illegal things, like funding terrorism. This group will work together and come up with smart ideas to make sure digital money is used safely.
H. R. 2969 — An Act To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
July 23, 2024
Status:Referred in Senate
Congress:118
Words:1,597
H.R. 2969, known as the “Financial Technology Protection Act of 2023,” seeks to create an Independent Financial Technology Working Group. This group will be responsible for researching how new financial technologies, like digital assets, could be used for terrorism and...
Simple Explanation
H.R. 2969 wants to create a special group to learn how new money technologies, like digital coins, might be used for bad things and to find ways to stop them. It also asks the President to keep an eye on these technologies so they can't be used by bad people.
H. R. 9579 — To establish the Joint Advisory Committee on Digital Assets, and for other purposes.
September 12, 2024
Status:Introduced in House
Congress:118
Words:1,381
H.R. 9579 proposes the creation of the Joint Advisory Committee on Digital Assets, which will be established by the Commodity Futures Trading Commission and the Securities and Exchange Commission. The committee's purpose is to provide advice on regulation and policies related...
Simple Explanation
H.R. 9579 is a plan to create a new group to help understand rules for digital money, like Bitcoin. This group will have people from the government and outside to share ideas and meet twice a year.
H. R. 4814 — An Act To direct the Consumer Product Safety Commission to establish a pilot program to explore the use of artificial intelligence in support of the mission of the Commission and to direct the Secretary of Commerce and the Federal Trade Commission to study and report on the use of blockchain technology and tokens, respectively.
May 15, 2024
Status:Referred in Senate
Congress:118
Words:1,674
H. R. 4814, known as the "Consumer Safety Technology Act," aims to explore and study new technologies to enhance consumer protection. The bill directs the Consumer Product Safety Commission to pilot the use of artificial intelligence (AI) for improving product safety by...
Simple Explanation
The Consumer Safety Technology Act wants to use new technology to keep people safe by checking if products are safe and stopping fake things on the internet. It asks some important people to test using smart computers and special internet tools to see if they can help keep us safe from bad products and scams.
H. R. 2969 — To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
May 06, 2024
Status:Reported in House
Congress:118
Words:1,810
H. R. 2969 aims to create an Independent Financial Technology Working Group to address the use of new financial technologies, like digital assets, in terrorism and illicit financing activities. This group, composed of representatives from various government departments and...
Simple Explanation
H.R. 2969 is a plan to make a special team to stop bad people from using digital money and new technology to do bad things, like helping terrorists. This team will study and suggest rules to keep everyone safe.
S. 4808 — To amend the Internal Revenue Code of 1986 to exclude from gross income de minimis gains or losses from certain sales or exchanges of virtual currency, and for other purposes.
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July 25, 2024
Status:Introduced in Senate
Congress:118
Words:713
S. 4808 is a proposed law that aims to change the Internal Revenue Code to allow small gains or losses from selling or exchanging virtual currency not to be taxed. Specifically, if the gain or loss from such transactions doesn't exceed $200, it won't be considered taxable...
Simple Explanation
S. 4808 is a proposed law that says if someone makes a small amount, like less than $200, from trading digital money that isn't regular cash, they won't have to pay tax on it. The law aims to make it easier for people to handle these small digital money trades starting in 2025.
H. R. 4766 — To provide for the regulation of payment stablecoins, and for other purposes.
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May 07, 2024
Status:Reported in House
Congress:118
Words:7,910
H. R. 4766, named the “Clarity for Payment Stablecoins Act of 2023,” aims to regulate payment stablecoins, which are digital assets designed to maintain a stable value. The bill outlines who can issue stablecoins, requiring them to back their coins with reserves like U.S. currency or Treasury...
Simple Explanation
The Clarity for Payment Stablecoins Act of 2023 is like a set of rules to make sure digital coins called stablecoins stay safe and fair, needing people who make these coins to keep enough money to back them up and get permission to do so. It also makes it clear that these coins are different from other money stuff like stocks, so they have their own special rules.
H. R. 4763 — To provide for a system of regulation of digital assets by the Commodity Futures Trading Commission and the Securities and Exchange Commission, and for other purposes.
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May 06, 2024
Status:Reported in House
Congress:118
Words:85,789
H. R. 4763, known as the “Financial Innovation and Technology for the 21st Century Act,” proposes a framework for regulating digital assets in the U.S. It directs the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to oversee digital assets, aiming...
Simple Explanation
The bill is like making new rules to keep digital money safe, just like making sure your toys stay clean and not lost. It tells two big grown-up groups, the CFTC and the SEC, to watch over these special kinds of money so everyone can play fair and no one gets tricked.
H. R. 1747 — To provide a safe harbor from licensing and registration for certain non-controlling blockchain developers and providers of blockchain services.
May 06, 2024
Status:Reported in House
Congress:118
Words:797
H.R. 1747, known as the "Blockchain Regulatory Certainty Act," aims to create a safe harbor for non-controlling blockchain developers and service providers from state and federal licensing and registration requirements. The bill specifies that developers or providers who do...
Simple Explanation
H.R. 1747 is a rule that says people who create things using blockchain or help manage blockchain systems don't have to follow special money rules unless they can control the digital money people use.

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