### Crypto Regulation Bill Heads to Trump Before Thanksgiving Senator Cynthia Lummis announced at the Jackson Hole SALT Conference that the Digital Asset Market Structure Bill (CLARITY) is on track to reach President Trump before Thanksgiving. This landmark legislation aims to establish clear regulatory guidelines for the burgeoning cryptocurrency industry. ### Key Aspects of the Digital Asset Framework The CLARITY Act seeks to divide regulatory oversight between the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), clarifying which agency oversees specific digital assets. Moreover, the bill proposes exemptions from the Securities Act of 1933 for cryptocurrencies meeting defined criteria, potentially fostering innovation and investment within the crypto space. ### Timeline for Crypto Regulation Approval Senator Lummis anticipates the Senate Banking Committee passing the bill by the end of September, followed by review from the Senate Agriculture Committee by the end of October. This structured approach aims to deliver a comprehensive and well-vetted regulatory framework to the President for approval, marking a significant step toward mainstream crypto adoption. ```

#SEC