Senate Banking Committee advances digital assets legislation
The U.S. Senate Banking Committee advanced legislation last week that seeks to establish clear rules for digital assets. The Digital Asset Market Clarity Act (H.R. 3633) seeks to provide market participants with: Educational materials to understand key digital asset risks, relevant reporting and disclosure requirements, and how to spot and report fraud. Financial literacy provisions that require regulators to coordinate and develop a strategy with measurable goals for improvement. ...
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