U.S. Senate Releases Draft for New Crypto Regulation Framework

The U.S. Senate Banking Committee unveiled a new draft of the Responsible Financial Innovation Act of 2025 on Friday, aiming to provide much-needed legal clarity for the cryptocurrency industry. This draft explicitly states that staking and airdrops are not securities, as part of its efforts to establish a formal regulatory framework. The updated draft expands on its initial July release, addressing long-standing ambiguities and concerns in the sector. This move comes amid renewed collaboration between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC).