#CryptoClarityAct Some Provisions of the U.S. Senate Bill on Cryptocurrencies (Responsible Financial Innovation Act):
Amendments to the Securities Act of 1933. Existing regulations are deemed outdated for regulating digital assets and tokenized instruments.
Emphasis on cooperation between SEC and CFTC. A clear division of powers is proposed.
Introduction of the category of "ancillary assets". These are tokens that do not qualify as securities and require their own legal regulation.
Modification of the SEC's regulatory framework for further investor protection.
Addressing various critical issues, including banking services, transparency obligations, provisions on independence, and protocols for combating money laundering.