#CryptoClarityAct ๐Ÿ“œ

| 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. ๐Ÿ›๏ธ

๐Ÿ” Key Focus Areas: โ€ข Defines "ancillary assets" โ€” clarifies which tokens are NOT securities

โ€ข Introduces disclosure requirements for digital asset offerings

โ€ข Aims to protect investors while supporting U.S.-led crypto innovation

โ€ข Seeks public input on legislative questions to shape responsible regulation

โ€ข Promotes legal certainty for Web3 projects and digital finance platforms

๐Ÿ—ฃ๏ธ โ€œWe want to anchor the future of digital finance in America,โ€ says Sen. Tim Scott.

๐Ÿ“… Feedback is being actively requested by the Senate Banking Committee โ€” this is a pivotal moment for U.S. crypto regulation!