H.R. 4763, titled the "Financial Innovation and Technology for the 21st Century Act," aims to create a regulatory framework for managing digital assets in the United States, overseen by both the Commodity Futures Trading Commission and the Securities and Exchange Commission. The bill defines...
Simple Explanation
This bill is like a set of rules to make sure new digital money (like Bitcoin) is used safely in the U.S. The rules are watched over by two big brothers, the CFTC and the SEC, to help everyone play fair and avoid getting tricked.