United States House Committee on Agriculture and House Committee on Financial Services release discussion draft bill to create digital asset regulatory framework

The United States House Committee on Agriculture, alongside the House Committee on Financial Services, published a discussion draft of legislation intended to establish a regulatory framework for digital assets in the United States. The committees positioned the draft as an initial step toward providing regulatory clarity, protecting consumers, and addressing perceived gaps in oversight. Committee leaders described the draft as building on bipartisan and bicameral work from the 118th Congress, with an emphasis on giving digital asset developers and users greater certainty and safeguarding the integrity of U.S. digital asset markets. Supporting materials accompanying the draft include the bill text, a section-by-section overview, and a one-pager. A joint hearing by the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence and the House Agriculture Subcommittee on Commodity Markets, Digital Assets, and Rural Development is scheduled for 2025-05-06 under the title “American Innovation and the Future of Digital Assets: A Blueprint for the 21st Century.”