The "Responsible Financial Innovation Act" project, presented by Senate Republicans, could be a key step towards the legalization of crypto innovations in the USA. It clarifies the jurisdiction between the SEC and CFTC, introduces the concept of "secondary assets," and exempts certain token transactions from registration. This creates a more predictable environment for developers and investors, reducing regulatory risks. However, implementation may face resistance from the SEC, legal uncertainty in asset classification, and arbitration risks. Delays may also occur due to political disagreements in Congress. The success of the law depends on alignment with the CLARITY Act and support from both parties.
