This bill creates a regulatory framework for digital assets, digital commodities, and stablecoins in the U.S. It defines key terms and clarifies oversight roles for the CFTC (Commodity Futures Trading Commission) and SEC (Securities and Exchange Commission). It requires companies or organizations that issue digital assets to disclose details about their technology, governance, economics, and risks. The bill also bars non-financial companies from owning stablecoin issuers, requires regular certifications and independent audits, and directs federal agencies to jointly study decentralized finance (DeFi), including its risks, benefits, and connection to traditional finance.
