Marine Fisheries Habitat Protection Act

House Bill

H.R. 5745

119th Congress

Marine Fisheries Habitat Protection Act

In Committee

Introduced:Oct 14, 2025

Primary Sponsor

Donald S. Beyer Jr.

Representative

Democratic

VA-8

Cosponsors

0

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill aims to establish regulatory frameworks for digital assets and digital asset securities. It grants the Commodity Futures Trading Commission authority over digital assets and the Securities and Exchange Commission authority over digital asset securities. The bill also addresses issues like anti-money laundering requirements, the issuance of digital currency by the Federal Reserve, and the use of anonymizing services.

Latest Action

Referred to the Subcommittee on Commodity Markets, Digital Assets, and Rural Development.

SponsorDonald S. Beyer Jr. (D-VA)

Introduced10/14/2025

StatusReferred to the House Committee on Natural Resources.

ChamberHouse

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Vote Prediction

Marine Fisheries Habitat Protection Act

This bill aims to establish regulatory frameworks for digital assets and digital asset securities. It grants the Commodity Futures Trading Commission authority over digital assets and the Securities and Exchange Commission authority over digital asset securiti

Community Breakdown

Pass

0%

Fail

0%

0 predictions

This bill aims to establish regulatory frameworks for digital assets and digital asset securities. It grants the Commodity Futures Trading Commission authority over digital assets and the Securities and Exchange Commission authority over digital asset securities. The bill also addresses issues like anti-money laundering requirements, the issuance of digital currency by the Federal Reserve, and the use of anonymizing services.

Bill Number: 5745
Sponsor: Donald S. Beyer Jr. (D-VA)
Introduced: 10/14/2025
Status: Referred to the House Committee on Natural Resources.
Policy Area: Finance and Financial Sector

Data from Congress.gov

AI-generated summary

Fact Sheet

Title: Marine Fisheries Habitat Protection Act
Bill Number: 5745
Sponsor: Donald S. Beyer Jr. (D-VA)
Status: Referred to the House Committee on Natural Resources.
Introduced: 10/14/2025
Summary: This bill aims to establish regulatory frameworks for digital assets and digital asset securities. It grants the Commodity Futures Trading Commission authority over digital assets and the Securities and Exchange Commission authority over digital asset securities. The bill also addresses issues like

Data from Congress.gov

AI Summary

Plain-English explanation of this bill

This bill aims to establish regulatory frameworks for digital assets and digital asset securities. It grants the Commodity Futures Trading Commission authority over digital assets and the Securities and Exchange Commission authority over digital asset securities. The bill also addresses issues like anti-money laundering requirements, the issuance of digital currency by the Federal Reserve, and the use of anonymizing services.

Last updated: 12/29/2025

Official Summary

Congressional Research Service summary

Digital Asset Market Structure and Investor Protection ActThis bill generally addresses the regulatory treatment of digital assets and digital asset securities.The bill grants the Commodities Futures Trading Commission authority over digital assets, which (1) are created electronically or digitally through software code; (2) are programmed with rules that govern the creation, supply, ownership, use, and transfer of the asset; (3) have a secure transaction history; and (4) are capable of being transferred through a decentralized method without an intermediate custodian.Additionally, the bill grants the Securities and Exchange Commission authority over the regulation of digital asset securities, digital assets that provide the holder with (1) equity or debt interest in the issuer, (2) rights to certain payments from the issuer, (3) voting rights in the major corporate actions of the issuer, or (4) liquidation rights in the event of the issuer's liquidation.Digital assets and digital asset securities are subject to the Bank Secrecy Act for anti-money laundering, reporting, and recordkeeping purposes.The Board of Governors of the Federal Reserve System may issue digital currency. However, digital assets, digital asset securities, and fiat-based stablecoins (a digital asset pegged to the U.S. dollar or other fiat currency) are not U.S. legal tender. Digital asset fiat-based stablecoins must be registered with and approved by the Department of the Treasury.Digital assets shall not be covered by the Federal Deposit Insurance Corporation and the National Credit Union Administration depository insurance.The Financial Crimes Enforcement Network must issue rules regarding the use of anonymizing services and other anonymity-enhanced convertible virtual currency services.

Key Points

Main provisions of the bill

The bill establishes the Commodity Futures Trading Commission as the regulatory authority for digital assets and the Securities and Exchange Commission as the regulatory authority for digital asset securities.
Digital assets and digital asset securities will be subject to anti-money laundering and reporting requirements under the Bank Secrecy Act.
The Federal Reserve may issue digital currency, but digital assets, digital asset securities, and fiat-based stablecoins are not considered legal tender.
Digital assets and digital asset securities will not be covered by federal deposit insurance.
The Financial Crimes Enforcement Network must issue rules regarding the use of anonymizing services for convertible virtual currencies.

How This Impacts Americans

Potential effects on citizens and communities

This bill would primarily impact the digital asset and cryptocurrency industries, as well as consumers and investors who use or hold these types of financial instruments. The new regulatory frameworks could bring more oversight and consumer protections, but may also create additional compliance costs for businesses. Overall, this legislation aims to bring more clarity and stability to the rapidly evolving digital asset market.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Related Subjects

Bank accounts, deposits, capital

Banking and financial institutions regulation

Business records

Computer security and identity theft

Computers and information technology

Congressional oversight

Corporate finance and management

Criminal investigation, prosecution, interrogation

Currency

Debt collection

+9 more

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

5745, 119th Congress (2025). "Marine Fisheries Habitat Protection Act". Source: Voter's Right Platform. https://votersright.org/bills/118-hr-5745

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