U.S. SENATORS PUSH FOR CRYPTO CLARITY—NEW DRAFT BILL UNVEILED
Senator Tim Scott, joined by Cynthia Lummis and others, has introduced a new draft bill to regulate the cryptocurrency market, building on the momentum of the “Digital Asset Market Clarity Act” (CLARITY Act) recently passed in the House.
Key highlights:
• Requires the SEC to tailor regulations according to the unique nature of crypto assets.
• Introduces the term “ancillary assets” to define non-security digital assets more clearly.
• Aims to bridge the regulatory gap and reach legislative consensus by September 30.
This marks a major step toward structured, investor-friendly crypto legislation in the U.S.
