U.S. Senators Unveil Draft Bill on Crypto Market Rules:
Key Features of the Draft
The crypto market structure draft addresses four core areas:
Token Classification:
The draft attempts to finally answer the long-standing debate over whether certain tokens are securities or commodities. It proposes clearer guidelines that could help projects and exchanges know which regulator — the SEC or the CFTC — they must deal with.
Banking Operations:
The bill outlines how banks and other traditional financial institutions can safely engage with digital assets. This could pave the way for more widespread crypto integration into the mainstream financial sector, provided firms meet clear compliance standards.
Disclosures & Consumer Protection:
New rules would require companies to be transparent about their operations, tokenomics, and risks. This disclosure framework aims to protect investors and reduce information asymmetry in the crypto space.
Combating Illicit Finance:
One of the biggest concerns among regulators is the use of crypto for illegal activities. The draft introduces stricter controls and reporting requirements to detect and prevent money laundering and terrorism financing through digital assets.
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