The new bill on the supervision of digital assets should form a regulatory framework to protect investors in the crypto sector. Glenn Thompson, Chairman of the House Agriculture Committee, said the Financial Innovation and Technology Act for the 21st Century marks an important milestone. It should ensure the protection of consumers and investors and contribute to America’s leadership in the digital asset space.

The bill obliges regulators to define the concepts of “blockchain” and “digital asset”. Departments are prohibited from establishing rules on the form in which the population can own cryptocurrencies.