BlockBeats News, May 6th, FOX Business reporter Eleanor Terrett stated that the discussion draft of the U.S. Digital Asset Regulatory Framework Act is an extension and improvement based on the FIT21 Act proposed in the previous U.S. Congress. Overall, it includes the following key points:
1. Require disclosure of key project information by digital asset developers;
2. Provide a financing path under the Securities and Exchange Commission (SEC) rules and allow registration with the Commodity Futures Trading Commission (CFTC);
3. Clarify the division of responsibilities between the SEC and CFTC and establish a clear registration process.
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