Top Summary
The bill establishes the Strategic Hub for Innovation and Financial Technology (FinHub) within the SEC to oversee emerging financial technologies, with annual reports to Congress starting in 2026. It also mandates studies on NFTs by the Comptroller General, tokenized securities by the SEC and CFTC, blockchain use in payments by the Treasury, and the use of digital assets by illicit groups, with findings and reports due within one year or 180 days of enactment, depending on the study.
Sub Summaries
- Creation of FinHub within the SEC to Promote Financial Technology Innovation and Regulatory Collaboration
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- Study on Tokenized Securities and Derivatives Guidance by CFTC and SEC
- Blockchain Study Mandate for Fraud Reduction and Payment Efficiency in the Private Sector
- Digital Asset Illicit Use Review and Regulatory Enhancement Act