US Senate Republicans have unveiled a draft bill named the "Responsible Financial Innovation Act", expanding on the CLARITY Act passed by the House just last week. This new legislation aims to bring clear regulatory guidelines to the digital asset space.

Key highlights include:

  1. A new classification for "ancillary assets", designed for tokens that do
    not qualify as securities.

  2. A proposed Regulation DA, which would exempt certain
    token sales from SEC registration, easing the regulatory burden for
    crypto startups and blockchain projects.

    The bill is seen as a major step toward providing regulatory certainty and supporting innovation in the crypto and blockchain industry
    while maintaining investor protections.


    #Cryptolaw #CLARITYAct #cryptolegislation #USSenate #DigitalAssets