US Senate Republicans Unveil Bold Crypto Market Blueprint—Will It Spark a Digital Revolution?
Washington is buzzing with crypto action as Senate Banking Committee Republicans release a draft for a new digital asset market structure, setting the stage for a potential legislative clash.
Led by Banking Committee Chair Tim Scott and crypto advocate Cynthia Lummis, the draft bill, tentatively called the Responsible Financial Innovation Act, draws inspiration from the CLARITY Act, which cleared the House last week.
Scott declared, "We’re laying down the rules of the road for the digital economy," signaling a coordinated GOP effort to bring regulatory clarity to crypto.
But there’s a catch: While the House recently passed three major crypto bills, only the GENIUS Act, focused on stablecoins, made it to President Trump’s desk. Now, Senate Republicans are pushing to pass their market structure bill before October—raising the stakes in the fight over crypto’s future.
Will this be the breakthrough the industry has waited for, or will political hurdles delay the digital asset revolution? The battle for America’s financial landscape is heating up.
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