#CryptoClarityAct Unveiled Tuesday by Senate Banking Chair Tim Scott and Senators Cynthia Lummis, Bill Hagerty, and Bernie Moreno, the bill proposes clear definitions for non-security tokens, tailored disclosures, and modernized SEC oversight for digital assets.

The draft also includes a Request for Information (RFI), seeking industry input on custody, illicit finance, and other key areas.

Scott framed the proposal as part of a unified House-Senate effort to set clear guardrails and keep crypto innovation anchored in the US