July 27, 2023 – The Chamber of Digital Commerce is thrilled to see that the House Agriculture Committee led by Chairman GT Thompson passed H.R. 4763, The Financial Innovation and Technology for the 21st Century Act, for consideration on the House floor.
This Act establishes a digital asset market structure framework appropriate for the unique characteristics of digital assets. This functional framework will provide clear rules of the road for market participants as well as protect investors and consumers.
“Congratulations to Chairman Thompson, Rep. Hill and Rep. Johnson on their hard work on this bill and their bipartisan efforts,” said Cody Carbone, Vice President of Policy at The Chamber. “This bill is a massive step forward for the digital asset industry and we look forward to making sure this bill continues to stay true to its intension and benefit the digital asset industry.”
After being marked up by both the House Agriculture and Financial Services committees, and with overwhelming bipartisan support, the bill will now be moved to the House floor for full consideration.
**Chamber experts are available for comment. Contact press@digitalchamber.org to schedule an interview.**