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Two New Bills Covering Blockchain Have Passed Through The House And Are Now Awaiting Senate Approval
Summary: An updated version of the Consumer Safety Technology Act now includes the Digital Taxonomy Act and the Blockchain Innovation Act, two bills which will help lawmakers regulate the blockchain space. The Digital Taxonomy Act provides concrete definitions for "digital asset" and "digital unit" and turns regulatory control over these two concepts over to the Federal ...
An updated version of the Consumer Safety Technology Act now includes the Digital Taxonomy Act and the Blockchain Innovation Act, two bills which will help lawmakers regulate the blockchain space.
The Digital Taxonomy Act provides concrete definitions for "digital asset" and "digital unit" and turns regulatory control over these two concepts over to the Federal Trade Commission. The Blockchain Innovation Act, if passed, will require the FTC to produce a report on blockchain's role in consumer protection.
By Emily Mason
Tags: Blockchain Legislation,Congress,Federal Trade Commission,House of Representatives,Regulation,United States Senate
Link: Two New Bills Covering Blockchain Have Passed Through The House And Are Now Awaiting Senate Approval [Copy]
