U.S. Senators Pitch New Crypto Market Structure Framework as Hearing Approaches

Description

Senators release crypto market structure principles ahead of a Senate hearing, outlining shared regulatory authority, targeted anti-money-laundering rules, and possible merging with stablecoin legislation.

Authors

Jesse Hamilton

Publish date

June 24, 2025

Publisher

CoinDesk

Web URL

https://www.coindesk.com/policy/2025/06/24/u-s-senators-pitch-new-crypto-market-structure-framework-as-hearing-approaches

Referenced by

"While the European Union and Singapore have established clear regulations, the U.S. continues to sit on the sidelines while the digital asset industry seeks greener pastures," Lummis said in a statement. "That changes today."

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The principles include setting up clear distinctions between digital securities and commodities and a shared regulatory structure that prevents an "all-encompassing" watchdog from emerging; establishing a "small package" of money-laundering protections that are "pro-innovation"; and encouraging the federal regulators to embrace "no-action guidance, sandboxes, safe harbors, coordination and appropriate application requirements."

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Top U.S. senators have shared the outline of what they're after in the effort to establish rules of the road for domestic crypto markets, releasing a set of principles on Tuesday as they prepare to further hash out their intentions in an afternoon hearing.

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