A C * -algebra containing the CCR and CAR algebras as its subalgebras and naturally described as the semidirect product of these algebras is discussed. A particular example of this structure is considered as a model for the algebra of asymptotic fields in quantum electrodynamics, in which Gauss' law is respected. The appearence in this algebra of a phase variable related to electromagnetic potential leads to the universal charge quantization. Translationally covariant representations of this algebra with energy-momentum spectrum in the future lightcone are investigated. It is shown that vacuum representations are necessarily nonregular with respect to total electromagnetic field. However, a class of translationally covariant, irreducible representations is constructed excplicitly, which remain as close as possible to the vacuum, but are regular at the same time. The spectrum of energy-momentum fills the whole future lightcone, but there are no vectors with energy-momentum lying on a mass hyperboloid or in the origin. *