US Senate Unveils Draft Bill to Clarify Digital Asset Rules
Senate drafters presented legislation that delineates which federal agencies oversee different aspects of digital assets, introduces an "ancillary asset" classification to give tailored treatment to certain tokens, and establishes baseline operational and compliance standards for exchanges. The text is framed to clarify responsibilities that have long been contested between regulators, and it includes provisions intended to improve market integrity and investor protection without stifling innovation.
If the draft advances, it could ease listing and compliance decisions for exchanges and provide projects clearer paths to operate under U.S. law. The bill will undergo committee review and debate, and stakeholders across industry and enforcement will likely push for amendments as Congress seeks a balance between oversight and growth.