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Friday, May 14, 2021

US House Passes Bill to Require Financial Regulators to Set Up Digital Assets Working Group

US House Passes Bill to Require Financial Regulators to Set Up Digital Assets Working Group

The U.S. House of Representatives has passed several pieces of bipartisan legislation including a section on digital assets, according to a press release from the House Financial Services Committee on Tuesday.
Known as the Eliminate Barriers to Innovation Act of 2021 (H.R. 1602), the bill was introduced by Reps. Patrick McHenry (R-N.C.) and Stephen Lynch (D-Mass.) in March.

The legislation seeks to set up a digital asset working group with representatives from the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).
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