**Crypto Takes Center Stage in 2024 US Elections**
As the 2024 US elections approach, digital assets are becoming a hot political topic. Industry leaders and advocates are pushing candidates to adopt pro-crypto policies and embrace the future of money.
**Key Legislation to Watch:**
- **Financial Innovation and Technology for the 21st Century Act (FIT21):** Aims to establish a clear regulatory framework for decentralized assets, with oversight split between the CFTC and SEC. Passed the House in May 2024, now awaiting Senate approval.
- **CBDC Anti-Surveillance State Act:** Seeks to prevent the Federal Reserve from creating a consumer-facing central bank digital currency. Passed the House, pending Senate vote.
- **Clarity for Payment Stablecoins Act of 2024:** Proposes regulations for US-dollar stablecoins, allowing smaller issuers to be state-regulated. Awaiting votes in both chambers.
- **Digital Asset Anti-Money Laundering Act:** Introduced by Senator Elizabeth Warren, this bill faces backlash for its stringent reporting requirements on digital asset providers. Yet to pass either chamber.
- **Financial Technology Protection Act of 2023:** Aims to combat illicit finance in emerging technologies. Passed the House, awaiting Senate deliberation.
- **Equal Opportunity for All Investors Act:** Expands the definition of an accredited investor to include those who pass an SEC-administered knowledge test. Passed the House, pending Senate approval.
- **Blockchain Regulatory Certainty Act:** Exempts blockchain developers from traditional financial reporting if they don't handle customer funds. Approved by the House Financial Services Committee, awaiting further action.
- **Keep Your Coins Act:** Protects the use of self-custodial wallets for transactions. Its future remains uncertain.
Stay tuned as these bills could significantly shape the future of digital assets in the US.