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New Blockchain Legislation Calls for More FTC Oversight: Report

The U.S. House of Representatives has passed an updated version of the Consumer Safety Technology Act that now includes new language about digital assets and blockchain technology. So reports Cointelegraph.

capitol 720677 640smallThe terms “digital asset” and “digital unit” were added to the Digital Taxonomy Act portion of the legislation and it now tasks the FTC with combatting unfair trade practice related to them. Also, the Blockchain Innovation Act was updated to require the FTC to generate a report on “blockchain’s role in consumer protection,” according to the article.

Read the full article from Cointelegraph.

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