Deep Tide TechFlow News, July 22, according to cryptocurrency reporter Eleanor Terrett, U.S. Senate Banking Committee Chairman Tim Scott, Senator Cynthia Lummis, Senator Bill Hagerty, and Senator Bernie Moreno jointly released the long-awaited discussion draft on cryptocurrency market structure.

The draft was originally scheduled for release last week but was postponed due to internal disagreements in the House of Representatives. Based on the already passed House 'CLARITY Act' and the Lummis-Gillibrand bill, the draft proposes new regulations in areas such as token classification, regulatory decentralization, banking operations, information disclosure, and illegal finance.