United States of America: Introduced Digital Asset Market Structure and Investor Protection Act including operating conditions

On 28 July 2021, the Digital Asset Market Structure and Investor Protection Act is introduced by Rep. Don Beyer. The Bill creates statutory definitions for digital assets and establishes rules and regulations for such assets and digital asset securities (e.g. anti-money laundering requirements, etc.). Furthermore, transactions concerning digital assets that are not recorded on the publicly distributed ledger will have to be reported to a registered Digital Asset Trade Repository within 24 hours for security and transparency reasons.