Senate Aims to Reform Crypto Regulation Framework

The U.S. Senate is taking steps toward reforming cryptocurrency regulations, with Senator Tim Scott leading a bipartisan effort through the Responsible Financial Innovation Act of 2025. This legislation aims to clarify jurisdictional boundaries and modernize existing frameworks in light of evolving market dynamics. Scott’s proposal emphasizes clear asset definitions, potentially impacting major cryptocurrencies like Ethereum and Bitcoin, which may see increased freedom from SEC jurisdiction if categorized as non-securities.