CONNECT Act of 2023
Summary
The CONNECT Act of 2023 aims to improve the oversight and transparency of digital asset markets by requiring clearer reporting and coordination among federal financial regulators. The bill specifically focuses on enhancing the communication between the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) regarding the classification and regulation of various digital assets. For everyday citizens, this legislation is intended to provide more consistent consumer protections and market stability as digital currencies and assets become more integrated into the broader financial system.
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Lifecycle of the Bill
Committee Consideration and Mark-up Session Held
Sep 10, 2025
Ordered to be Reported (Amended) by the Yeas and Nays: 24 - 20.
Sep 10, 2025
Reported (Amended) by the Committee on Oversight and Government Reform. H. Rept. 119-341.
Oct 14, 2025
Reported (Amended) by the Committee on Oversight and Government Reform. H. Rept. 119-341.
Oct 14, 2025
