U.S. House Financial Services Chair Outlines Digital Asset Framework

According to Odaily, U.S. House Financial Services Committee Chair French Hill has outlined a blueprint for digital assets in the United States, emphasizing six key principles. The proposed legislation aims to foster innovation, clearly define asset classifications, and establish a framework for issuing new digital assets. Additionally, it seeks to regulate spot market exchanges and intermediaries, implement best practices for safeguarding customer assets, and protect innovative decentralized projects and activities.