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Sens. Cynthia Lummis and Kirsten Gillibrand on the Responsible Financial Innovation Act

The Breakdown

00:00

Anselary Assets - What Are They?

The bill is an attempt to solve this thorny question of what actually are these new types of assets. It feels like that must have been a huge amount of work, exploration and legal conversations. We worked with the s c c to refine our definition of what a security is in this legislation. And we made sure that if you're offering something a digil asset to raise money, like you would be offering a stock of a company, then it's going to be a security. I'm on banking, we have jurisdiction over s c. Now, it's just a really good blend.

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