U.S. Senate Proposes Bill to Redefine Crypto Regulation

A draft bill from the U.S. Senate Banking Committee proposes significant changes to crypto regulation, aiming to exclude staking and airdrops from securities laws. This move follows the House of Representatives’ passage of the Clarity Act and seeks to establish a new regulatory framework for emerging crypto activities. 10 Senators are behind this initiative – including Senator Tim Scott, who emphasizes the bill’s focus on fostering innovation while protecting investors and creating clarity in the digital asset space.