RFA State of Play – Digital Assets Update

Since our last update in March, Congressional hearings and debate have increased in frequency, but the overall regulatory landscape has not changed dramatically. Similarly, the White House and Treasury Department have been relatively quiet since the March Executive Order, but agencies continue working on their portions of the reports required by the EO. Sens. Lummis (R-WY) and Gillibrand (D-NY)
introduced wide-ranging legislation this month, with legislation from Senate Agriculture Chair Stabenow (D-MI) and Ranking Member Boozman (R-AR) also in the works and expected to be released soon. We also understand House lawmakers are considering introducing identical companion bills for both proposals – although timing and bill leads are still unclear.