A bill to require the Financial Crimes Enforcement Network to issue guidance on digital assets, and for other purposes.

To prohibit Federal agencies from restricting the use of convertible virtual currency by a person to purchase goods or services for the person's own use, and for other purposes.

To provide for a system of regulation of digital assets by the Commodity Futures Trading Commission and the Securities and Exchange Commission, and for other purposes.

To provide for the regulation of payment stablecoins, and for other purposes.

To establish an Independent Financial Technology Working Group to Combat Terrorism and Illicit Financing, and for other purposes.

To provide a safe harbor from licensing and registration for certain non-controlling blockchain developers and providers of blockchain services.

To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of central bank digital currency for monetary policy, and for other purposes.

This bill expands who may be considered an accredited investor for purposes of participating in private offerings of securities. Certain unregistered securities may only be offered to accredited investors. Specifically, the bill allows an individual to qualify through an examination established by the Securities and Exchange Commission (SEC), a state securities commission, or certain self-regulatory organizations.