SR 343: Honoring Western Reserve Academy on its Bicentennial.

```html <div> <p>This bill establishes a comprehensive framework for digital asset ownership and regulation. It defines digital assets broadly to include cryptocurrencies, non-fungible tokens (NFTs), and digital securities, ensuring they are treated as property under federal law.</p> <p>The legislation creates a new regulatory body dedicated to overseeing digital asset markets, focusing on investor protection and market integrity. This agency will have the authority to issue licenses to digital asset service providers and enforce compliance with anti-money laundering standards.</p> <p>Key provisions include strict requirements for custody of digital assets, mandating that service providers maintain adequate insurance and segregation of client funds to prevent commingling. The bill also addresses tax reporting mechanisms, requiring clear guidelines for the valuation and reporting of digi…