Search Results: keywords:"digital assets"

  • H. R. 10561 — To codify the special purpose broker dealer, and for other purposes.
    Status:Introduced in House
    Words:2,508

    The bill, H.R. 10561, known as the "Broker-Dealer Tokenization Act," proposes amendments to the Securities Exchange Act of 1934. It outlines a registration system for brokers and dealers who want to trade in "qualified tokenized securities," which are securities recorded using blockchain...

    Simple Explanation

    The bill called the "Broker-Dealer Tokenization Act" wants to let special companies buy and sell digital money-like things on the internet safely and have rules to follow, but some parts of the bill might be confusing for some people trying to follow the new rules.

  • H. R. 10544 — To specify the treatment of covered non-fungible tokens under the securities laws, and for other purposes.
    Status:Introduced in House
    Words:1,255

    H.R. 10544, also known as the "New Frontiers in Technology Act," aims to clarify the treatment of non-fungible tokens (NFTs) under U.S. securities laws. The bill specifies that certain NFTs, termed as "covered non-fungible tokens," are not considered investment contracts or...

    Simple Explanation

    H.R. 10544 is a plan to help people understand how special digital items called NFTs are treated under U.S. law, saying that some NFTs shouldn't be seen as investments. It also asks for a big study to learn more about NFTs and their risks.

  • H. R. 148 — To prohibit Federal agencies from restricting the use of convertible virtual currency by a person to purchase goods or services for the person’s own use, and for other purposes.
    Status:Introduced in House
    Words:471

    H. R. 148, also known as the "Keep Your Coins Act of 2025," aims to stop Federal agencies from limiting individuals' ability to use convertible virtual currency like Bitcoin or other digital currencies for their own purchases. The bill ensures that people can freely use and...

    Simple Explanation

    H.R. 148 is a law proposal that wants to make sure people can use digital money, like Bitcoin, to buy things without the government stopping them. It also says people can keep their digital money safe in wallets they control all by themselves.

  • H. R. 4766 — To provide for the regulation of payment stablecoins, and for other purposes.
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    Status:Reported in House
    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. 9579 — To establish the Joint Advisory Committee on Digital Assets, and for other purposes.
    Status:Introduced in House
    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. 1747 — To provide a safe harbor from licensing and registration for certain non-controlling blockchain developers and providers of blockchain services.
    Status:Reported in House
    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.

  • H. R. 2969 — To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
    Status:Reported in House
    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.

  • 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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    Status:Reported in House
    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.

  • 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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    Status:Introduced in Senate
    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. 2969 — An Act To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
    Status:Referred in Senate
    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. 2969 — An Act To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.
    Status:Engrossed in House
    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. RES. 111 — Expressing support for blockchain technology and digital assets.
    Status:Introduced in House
    Words:354

    The resolution, H. RES. 111, expresses support for blockchain technology and digital assets in the United States. It emphasizes the importance of understanding and fostering technological advancements that could improve the financial system and expand access to financial...

    Simple Explanation

    H. RES. 111 is a proposal where the grown-ups in charge want to say they like cool new things called blockchain and digital money. They also want to make rules that keep people safe while using them but wish for the rules to be clear and fair.

  • 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.
    Status:Referred in Senate
    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.