United States of America: Introduced Digital Asset Market Structure and Investor Protection Act including registration and licensing requirements

On 28 July 2021, the Digital Asset Market Structure and Investor Protection Act was introduced by Rep. Don Beyer. The Act is aiming to protect digital asset holders and investors. The Bill creates statutory definitions for digital assets and establishes rules and regulations for such assets. Among others, the bill provides that no person can issue, use, or permit digital assets and fiat-based stablecoins that are not approved by the Secretary of the Treasury. Additionally, the bill includes that the Federal Reserve may issue a digital version of the U.S. Dollar.