Digital Asset Market Structure and Investor Protection Act¶
The Digital Asset Market Structure and Investor Protection Act proposes a framework or the regulatory treatment of digital assets (considered as ambiguously as commodities) and digital asset securities.
The bill grants the CFTC authority over digital assets, which (1) are created electronically or digitally through software code; (2) are programmed with rules that govern the creation, supply, ownership, use, and transfer of the asset; (3) have a secure transaction history; and (4) are capable of being transferred through a decentralized method without an intermediate custodian.