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.