US Senate Releases Updated Draft of Digital Asset Bill

The U.S. Senate Banking Committee has unveiled a revised draft of the Digital Asset Market Structure (CLARITY) Act, signaling a major step towards regulating cryptocurrencies in the country. This landmark bill aims to bring much-needed structure and clarity to the volatile world of digital currencies by defining roles for key financial regulators: the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). The updated draft incorporates feedback from stakeholders and seeks to clarify regulatory pathways, paving the way for greater innovation while protecting investors. 🔎