(2) Splits digital assets into three different categories: crypto-currencies, crypto-commodities, and crypto-securities. (4) Each Federal Crypto Regulator is required to make available to the public and keep current a list of all Federal licenses, certifications, or registrations required to create or trade in digital assets. On October 11, the leaders of each of these regulators wrote a joint statement on activities involving digital assets with respect to their obligations under BSA. In October, the CFTC, FinCEN, and SEC worked together to issue a joint statement on activities involving digital assets. This bill, were it to be passed, would further reinforce the way these agencies would co-exist as the three ‘Federal Crypto Regulators’ responsible for regulating digital assets.

Source: Forbes December 20, 2019 01:52 UTC