United States of America: Responsible Financial Innovation Act
Progress
Current status
under deliberation
03 Jan 2023 rejected
07 Jun 2022 under deliberation
Scope
Implementers
United States of America
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
DLT development
Government Branch
legislature
Government Body
parliament
Implementation Level
national
Timeline of events
Rejected Responsible Financial Innovation Act
On 3 January 2023, the Lummis-Gillibrand Responsible Financial Innovation Act was rejected after failing to pass before the 117th Congress adjourns.
SourceEvent type
law
Action type
rejection
Government branch
legislature
Government body
parliament
Introduction of Responsible Financial Innovation Act
On 7 June 2022, the United States Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY), introduced the Responsible Financial Innovation Act in the US Congress. The Bill aims to regulate the digital assets industry and create federal standard…
SourceEvent type
law
Action type
introduction
Government branch
legislature
Government body
parliament