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While DAMS appears to be a well-intentioned and thoroughly reasoned approach to a functional digital asset framework in the US, it is still in its very early stages in the legislative process, and it is possible that it will not get passed as a law.

United statesMajer maPatrick mchenryCommodities futures exchange committeeHouse financial services committeeExchange commissionHouse committee on agricultureFinancial services agriculture subcommitteeDigital asset market structureHouse committeeRepresentative mchenryAgriculture subcommitteeDigital assetsRegulatory gapsDigital asset marketsImportant features