US Senators Propose Crypto Regulatory Framework
A bipartisan group of U.S. senators has introduced draft legislation to establish a regulatory framework for cryptocurrency. The proposed law seeks to clarify the jurisdiction of financial regulators over the rapidly growing digital asset sector, potentially encouraging wider adoption of cryptocurrencies. The crypto industry has long advocated for such legislation, viewing it as crucial for the future of digital assets in the U.S. and essential for addressing fundamental challenges faced by crypto companies. The Blockchain Association is a crypto industry trade group. Summer Mersinger is the CEO.
Specifically, the legislation aims to define when crypto tokens are classified as securities, commodities, or other assets, providing…
