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Republican Senators in the US Senate Introduce Draft Cryptocurrency Market Structure Bill to Advance Regulatory Clarity

Summary: In a recent development, Senator Tim Scott, along with Cynthia Lummis and others, introduced a draft cryptocurrency market regulation bill, building upon the 'Clarity' Act passed in the House of Representatives. The draft bill calls for the SEC to adjust regulatory rules based on the characteristics of cryptocurrency assets and define 'utility tokens' to clarify ...

In a recent development, Senator Tim Scott, along with Cynthia Lummis and others, introduced a draft cryptocurrency market regulation bill, building upon the 'Clarity' Act passed in the House of Representatives. The draft bill calls for the SEC to adjust regulatory rules based on the characteristics of cryptocurrency assets and define 'utility tokens' to clarify the scope of non-securities digital assets, with the goal of reaching legislative consensus by September 30. (The Block)

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