The US House of Representatives passed an updated Consumer Safety Technology Act, which now includes the Digital Classification Act and Blockchain Innovation Act, and is now heading to the Senate from Tuesday afternoon. .
According to Queen Telegraph, the Digital Classification Act provides definitions for the terms digital assets and digital unit and will mandate the FTC to prevent unfair trade practices in both. The Blockchain Innovation Act requires the Federal Trade Commission to prepare a report on the role of blockchain in protecting consumers.
On the news, the author of the two bills, Congressman Darren Soto (Democrat of Florida), as legislators, said it is our duty to ensure that the United States continues to be a leader in technology Blockchain.
Two bills from Soto left the Energy and Trade Commission earlier this month. They are leaving the House of Representatives with legislation from Representative Jerry McNerney (Democrat, California) calling for the use of AI in consumer safety inspections.
