#CryptoClarityAct ๐
| U.S. Senators Unveil Digital Asset Legislation Draft
Four U.S. Senators โ Tim Scott, Cynthia Lummis, Bill Hagerty, and Bernie Moreno โ have introduced a discussion draft aimed at building a clear legal framework for the digital asset market. This draft builds on the CLARITY Act recently passed by the House and invites industry feedback. ๐๏ธ
๐ Key Focus Areas: โข Defines "ancillary assets" โ clarifies which tokens are NOT securities
โข Introduces disclosure requirements for digital asset offerings
โข Aims to protect investors while supporting U.S.-led crypto innovation
โข Seeks public input on legislative questions to shape responsible regulation
โข Promotes legal certainty for Web3 projects and digital finance platforms
๐ฃ๏ธ โWe want to anchor the future of digital finance in America,โ says Sen. Tim Scott.
๐ Feedback is being actively requested by the Senate Banking Committee โ this is a pivotal moment for U.S. crypto regulation!