Proposed Digital Asset Market Structure Bill Could Give Regulatory Clarity; But is it the Regulatory Clarity the Industry Wants?

The Digital Asset Market Structure “(DAMS”) discussion draft bill attempts to provide regulatory clarity on crucial blockchain industry issues. These issues include when a blockchain is legally considered decentralized, the relationships between the differing administrative agencies responsible for overseeing the industry, and a realistic path for legally compliant blockchain development and token sales in the US. But where will this regulation get in the way of development, and what areas of industry concern are missing from DAMS?