HR5745-118

Introduced

To provide for the regulation of digital assets, and for other purposes.

118th Congress Introduced Sep 27, 2023

Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.

Summary

What This Bill Does

This bill, To provide for the regulation of digital assets, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Government Operations, Technology.

Who Benefits and How

financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.

Who Bears the Burden and How

federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.

Key Provisions

  • Section H492C4994CEF34904BB75D84E214EE244: 1. Short title This Act may be cited as the Digital Asset Market Structure and Investor Protection Act.
  • Section H8E25CE5F128748BB8E9B0E6FCDF5A433: 2. Table of contents The table of contents for this Act is as follows:
  • Section HE521BCDB90DF498996F44617C1325D0C: 101. Definition of digital asset security Section 3(a)(10) of the Securities Exchange Act of 1934 (15 U.S.C. 78c(a)(10)) is amended— by inserting digital asset...
  • Section HB3D28A69BE0D44838D4A973AB4D147BF: 102. Delayed registration for digital asset securities Section 12(g)(1) of the Securities Exchange Act of 1934 (15 U.S.C. 78l(g)(1)) is amended— in...
  • Section H9DDD25C200F8426D8ACA36C41B022BB9: 103. Desecuritization of digital asset securities Section 12(g) of the Securities Exchange Act of 1934 (15 U.S.C. 78l(g)) is amended by adding at the end the...

Evidence Chain:

This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.

At a Glance

What This Bill Does

This bill, To provide for the regulation of digital assets, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Key Policy Areas

Finance, Government Operations, Technology

Primary Purpose

This bill, To provide for the regulation of digital assets, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.

Policy Domains

Finance Government Operations Technology

Whole bill

Identified Gains
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
financial institutions, investors, and borrowers:
Identified Costs
  • federal implementing agencies
  • financial institutions, investors, and borrowers
Model: codex-gpt-5 | Version: bill_summary_v2 | Source: ih
federal implementing agencies:
financial institutions, investors, and borrowers:

Legislative Progress

Introduced
Introduced Committee Passed
Sep 27, 2023

Mr. Beyer introduced the following bill; which was referred to …

Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →

Bill Structure & Actor Mappings

Who is "The Secretary" in each section?

Domains
Finance Government Operations Technology
Actor Mappings
"the_commission"
→ The commission identified in the operative section
"secretary_of_treasury"
→ Secretary of the Treasury

Key Definitions

Terms defined in this bill

2 terms
"digital asset fiat-based stablecoin" §H4837DA2455394F9882FEF3A918C9AEBE

a digital asset (as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a)) that is, as determined by the Secretary of the Treasury, tied, pegged to, or collateralized substantially by— the United States dollar or

"digital asset fiat-based stablecoin" §H55BBFBD418844108AB7E4678A34531D4

a digital asset (as defined in section 1a of the Commodity Exchange Act (7 U.S.C. 1a)) that is, as determined by the Secretary of the Treasury, tied, pegged to, or collateralized substantially by— the United States dollar or

We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.

Learn more about our methodology