U.S. Senate Unveils Revised Crypto Legislation: Exemptions for Staking, Airdrops

The U.S. Senate Banking Committee has released a revised draft of the ‘Digital Asset Market Structure Act,’ aiming to clarify regulations around digital assets and potentially boost investor confidence. This update exempts staking, airdrops, and DePIN from securities laws, while also establishing a joint advisory committee between the SEC (led by Gary Gensler) and the CFTC (chaired by Rostin Behnam). This move could encourage greater investment in U.S.-based crypto projects.