HR 3633 · 119th CongressPassed Housecongress.gov ↗
What this bill does
AI plain-language summaryThis bill creates rules for how digital assets that run on blockchain technology (like cryptocurrencies) are bought and sold. It puts the Commodity Futures Trading Commission (CFTC) in charge of overseeing most transactions involving these digital assets, including the exchanges, brokers, and dealers that handle them. The bill also sets conditions for when these digital assets do or don't have to follow Securities and Exchange Commission (SEC) rules, depending on factors like how established and independent the blockchain system is. Additionally, businesses dealing in these digital assets must follow anti-money laundering laws.
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Jul 17, 2025Discussion (0)
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