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Government Agencies Must Study Decentralized Finance (DeFi) Opportunities and Risks.

This Act mandates key financial agencies (Treasury, SEC, CFTC) to conduct a comprehensive study on Decentralized Finance (DeFi), which involves self-directed digital transactions without traditional intermediaries. The goal is to analyze both the benefits (like efficiency and accessibility) and the risks (like cybersecurity and illicit activity) of DeFi to inform potential future regulations. This study is crucial for determining the future framework for how citizens manage their digital assets.
Key points
Federal authorities are required to analyze how DeFi systems operate, including their impact on innovation, data security, and user privacy.
The study will compare the level of illicit activity in DeFi versus traditional financial markets, seeking methods to enhance transaction security.
The findings will guide Congress on whether and how to regulate digital assets, potentially influencing future investment and savings opportunities for citizens.
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Expired
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Additional Information
Print number: 118_HR_9758
Sponsor: Rep. Davidson, Warren [R-OH-8]
Process start date: 2024-09-23
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Evaluating DeFi Opportunities Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9758.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-09-23.

What are the main provisions?

Key points include:

  • Federal authorities are required to analyze how DeFi systems operate, including their impact on innovation, data security, and user privacy.
  • The study will compare the level of illicit activity in DeFi versus traditional financial markets, seeking methods to enhance transaction security.
  • The findings will guide Congress on whether and how to regulate digital assets, potentially influencing future investment and savings opportunities for citizens.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Davidson, Warren [R-OH-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

CATEGORIES

Economy