Senate Banking Committee proposes principles for market structure legislation

Description

Senate Banking Committee issues principles for legal clarity on digital assets, advocates for clear distinctions between asset types, self-custody protections, and building on the GENIUS Act’s momentum.

Authors

Collins J. Okoth

Publish date

June 24, 2025

Publisher

Cryptopolitan

Web URL

https://www.cryptopolitan.com/senate-banking-committee-proposal

Referenced by

Scott revealed that the principles will serve as an important baseline for negotiations on the bill. He hopes his colleagues will put politics aside and provide clarity for digital asset regulation.

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Legislation would define when crypto will be overseen by the SEC, rather than the Commodity Futures Trading Commission.

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The Senate passed the GENIUS Act on June 17, which creates a regulated pathway for private firms to issue digital dollars with the federal government’s permission. The Guiding and Establishing National Innovation for U.S. Stablecoins Act passed with a 68-30 vote.

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