Legislation Steering U.S. Fate of Crypto Emerges in New Version in Senate
The U.S. Senate’s work on the crypto industry’s top policy priority — a bill to establish the regulatory workings of crypto markets in the U.S. — advanced further on Friday with the private circulation of a new draft bill that further outlines protections for crypto developers, bankruptcy guidelines for some digital asset issuers and how federal regulators can support tokenization in financial markets.
Despite the big lobbying win this year in which the U.S. House of Representatives passed the Digital Asset Market Clarity Act that represents one approach to setting crypto market structure, the House’s work has represented only a broad jumping-off point for the Senate, which is pursuing its own version that is expected to take the…
