In brief
- The Senate just released a discussion draft of its own crypto market structure legislation.
- The House passed a companion bill last week, dubbed the CLARITY ACT.
- The Senate’s version differs in some meaningful ways, but the aim is the same. And it directly impacts crypto startups and future token sales through ICOs.
The Senate yesterday unveiled a preliminary draft of its crypto market structure legislation—a companion bill to the House’s sweeping CLARITY Act passed last week with bipartisan support. And while there are differences, there is one common theme throughout: crypto startups may soon have a legal path toward raising money through ICOs like never before.
The bill released earlier this week came from the Senate…
