H.R. 9633 aims to officially establish and outline the roles of two technology-focused offices within U.S. regulatory commissions: the Strategic Hub for Innovation and Financial Technology (FinHub) at the Securities and Exchange Commission (SEC) and LabCFTC at the Commodity...
Simple Explanation
H.R. 9633 is a plan to officially set up special offices at two U.S. financial agencies to help them understand new technologies better, so they can support new ideas and make sure they follow the rules. These offices will have leaders who gather important information, but they need to make sure they keep everything private and share updates with Congress every year.