US Congress introduces Digital Asset Market Structure (DAMS) bill to regulate crypto industry

08/05 14:30

The US Congress has proposed a new bill called Digital Asset Market Structure (DAMS) to regulate the crypto asset industry. The bill aims to balance financial market innovation and investor protection by specifying which crypto assets will be considered securities and which will be commodities. DAMS also addresses the issue of regulatory classification and authority over digital assets, with the SEC and CFTC having jurisdiction over different types of tokens. 
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