Cointelegraph announced the introduction of the bipartisan Digital Asset Market Clarity Act by Senate Banking Committee Chairman Tim Scott, which seeks to regulate digital commodities and prohibits using central bank digital currency for monetary policy.
According to Cointelegraph, Scott introduced the bipartisan crypto market structure bill text after months of negotiations. The bill, known as the Digital Asset Market Clarity Act, aims to create a system for regulating the offer and sale of digital commodities through the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). It also seeks to prevent Federal Reserve banks from offering certain products directly to individuals and using central bank digital currency for monetary policy.
Brookings Register reported that Washington state leads in cryptocurrency adoption with 2.43% of tax returns involved in crypto activities. Western states show strong regional trends, including Utah at 2.36% and California at 2.25%. This data indicates growing mainstream adoption in tech-oriented regions of the United States.
Security.org reported that 30% of American adults, or 70.4 million people, own cryptocurrency. Ownership is highest among those aged 30-44, representing one in three owners. Bitcoin is held by 74% of crypto owners nationally.
Cointelegraph was founded in 2013 as an independent digital media resource focused on blockchain technology and cryptocurrency news. It provides news, in-depth analytics, cryptocurrency price charts, and reports on social transformations brought by digital currencies. The company is headquartered in New York and covers emerging trends in fintech, artificial intelligence (AI), non-fungible tokens (NFTs), and gaming.
