🚨 Breaking Crypto News! 🇺🇸💥

US Senators Unveil Draft Bill to Overhaul Crypto Regulation Framework 📜🪙

A game-changing Senate draft bill is here! ⚖️ It proposes clear classifications, limited SEC oversight 🛑, and exemptions to boost compliant crypto innovation 🚀

🧱 Building on the CLARITY Act

On July 22, Senators Tim Scott, Cynthia Lummis, Bill Hagerty, and Bernie Moreno unveiled a digital asset market structure discussion draft 🗣️, following the House’s bipartisan approval of the CLARITY Act. 🤝📈

📌 Key Highlights:

Seeks public feedback on custody, investor protection 🛡️, market infrastructure 🏗️, illicit finance 🚫, and innovation 💡

Introduces Regulation DA, exempting certain token offerings from SEC registration ✅

Formally defines "ancillary assets" 📲—tokens that won't be treated as securities under specific conditions

Limits SEC challenges to a 60-day window ⏳ with “clear and convincing evidence” required for reversals 🔍

🇺🇸 GENIUS Act Signed into Law!

Passed on July 18, 2025, the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS) Act 💵 establishes the first federal framework for stablecoins:

Requires 1:1 liquid asset backing 💰

Focuses on consumer protection 🛡️

Meanwhile, the House passed the Digital Asset Market Clarity (CLARITY) Act on July 17, 2025. It assigns:

CFTC for “digital commodities” ⚙️

SEC for “digital asset securities” 🏛️

👉 Now awaiting Senate review!

📢 Senator Hagerty's Statement:

"For too long, outdated laws and regulatory uncertainty have held back American innovation and put consumers at risk. This draft shows we’re serious about pushing forward with smart, responsible crypto legislation." 🇺🇸⚡

Let’s unlock the full potential of digital assets together! 🌐🚀

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