H.R. 4763, titled the "Financial Innovation and Technology for the 21st Century Act," sets out a regulatory framework for digital assets in the U.S. The bill assigns oversight responsibilities to both the Commodity Futures Trading Commission (CFTC) and the Securities and...
Simple Explanation
H.R. 4763 is a new law that tries to keep track of and organize things called "digital assets," like special internet money and pictures, using two big helpers, the CFTC and the SEC, to make sure everything is safe and fair. It also wants to make rules so people know the right things to do when using or trading these digital assets.