Search Results: keywords:"stablecoins"

  • 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. 394 — To provide for the regulation of payment stablecoins, and for other purposes.
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    Status:Introduced in Senate
    Words:10,699

    S. 394 aims to create a regulatory framework for payment stablecoins in the United States. The bill establishes standards and requirements for entities that wish to issue stablecoins, ensuring they are backed 1:1 with reserves of U.S. currency, Treasury bills, or similar...

    Simple Explanation

    S. 394 is a proposed law that makes rules for digital money called stablecoins, ensuring they are safe and backed by real money, like U.S. dollars, and it sets up checks to make sure they are used properly.

  • H. R. 4763 — An Act 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:Engrossed in House
    Words:49,620

    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.

  • 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.