Crypto’s big show in the U.S. Congress has been unveiled in the form of a discussion draft of legislation that would establish for the first time a comprehensive domestic regime for regulating digital assets.

The House Financial Services Committee and House Agriculture Committee — both sharing responsibility for the jurisdiction-hoping assets — released a working draft of a bill that Representative French Hill, chairman of the financial-services panel, said can deliver «much-needed regulatory clarity.»

«Today marks the first step in advancing a comprehensive framework that protects consumers, fosters innovation, and closes regulatory gaps in oversight,» said Representative Glenn «GT» Thompson, chairman on the agricultural committee, which has oversight of the Commodity Futures Trading Commission that will likely have a major role in crypto oversight. «It will give digital asset developers and users the certainty they need and have asked for.

On Tuesday, the digital assets subcommittees of both House committees are set to hold a joint hearing on the future of digital assets, where the discussion draft will be under the spotlight.

The draft details the public disclosures that crypto projects would be required to make. It also provides for digital assets developers to raise capital under the Securities and Exchange Commission’s watch, or to register with the CFTC to handle the trading of digital commodities.

The bill is meant to finally establish «clear lines» between the jurisdictions of the two U.S. markets regulators, a question that’s been a thorn in the side of U.S. crypto businesses.

This proposed format for the long-awaited crypto legislation, built on a similar first effort called the Financial Innovation and Technology for the 21st Century Act (FIT21) that advanced through the House last year, emerges as the industry’s allies in Congress have been working urgently on a separate legislative effort to regulate stablecoins. The stablecoin and market-structure bills represent the primary lobbying effort for crypto in the U.S., though advocates are fighting the headwinds of President Donald Trump’s own crypto business interests that have drawn Democratic criticism.

Stablecoin bills have already advanced through House and Senate committees and are awaiting consideration by the overall chambers.

Read More: U.S. Senate Moves Toward Action on Stablecoin Bill

Corporate treasury buying of bitcoin (BTC) could reach $330 billion by the end of 2029, broker Bernstein said in a research report Monday.

Strategy (MSTR) is likely to be the largest buyer, with an additional $124 billion of the world’s largest crypto, in the broker’s bull case. The company led by Michael Saylor announced a further $21 billion at-the-market common stock offering last week to buy more bitcoin.

«The U.S. pro crypto regulatory regime have further accelerated the corporate ownership growth of bitcoin,» analysts led by Gautam Chhugani wrote.

Bernstein expects other listed companies to allocate around $205 billion to bitcoin acquisition strategies, led by smaller firms with lower growth looking to emulate Strategy’s treasury model.

Public companies now own ~2.4% of the bitcoin supply, or about 720,000 BTC on their balance sheets, the report noted.

Still, Strategy’s «scale is hard to replicate» and not every bitcoin treasury will be successful in attempting to replicate the company’s playbook, the report added.

Strategy acquired an additional 1,895 bitcoin last week for $180.3 million.

Read more: Michael Saylor’s Strategy Adds 1,895 Bitcoin, Bringing Company Stack to 555,450 BTC

A militia group in Burma that allegedly runs a large-scale haven for cyber scammers, the Karen National Army, has been blocked from the U.S. financial system by the Department of the Treasury.

The U.S. authorities said Monday that the organization has provided a haven for transnational criminal organizations who use the border region controlled by the KNA to run illicit operations such as human trafficking and smuggling. The group, which is said to have ties with the Burmese military, is also accused of fostering cyber scams and crypto thefts on an «industrial scale» tied to billions of dollars in losses.

Under KNA’s control, hotels and casinos were retrofitted to house elaborate «pig butchering» scam operations in which U.S. citizens were lured with fraudulent romantic ties and had money stolen from them in the form of cryptocurrency, according to the Treasury Department. Those engaging in the scams were themselves often held captive or under pressure to run months-long thefts that sometimes used attractive models to engage in video calls.

In the new U.S. sanctions — also specifically targeting the organization’s leader, Saw Chit Thu, and his sons, Saw Htoo Eh Moo and Saw Chit Chit — the Treasury’s Office of Foreign Assets Control is blocking any use of U.S. assets or interactions with U.S. people or entities.

This action follows closely on the heels of last week’s move by the U.S. to sever the Cambodian company Huione Group from the financial system. Huione was said to provide a money-laundering outlet for criminal organizations in Southeast Asia.