Republican Senators Scott, Lummis, Tillis, Hagerty Push For Digital Asset Market Structure Rules

Description

Republican senators unveil a digital asset framework focused on SEC reform, Bitcoin self-custody, clear lines between securities and commodities, and stronger U.S. crypto leadership, referencing the GENIUS Act.

Authors

Jenna Montgomery

Publish date

June 24, 2025

Publisher

Bitcoin Magazine

Web URL

https://bitcoinmagazine.com/news/republican-senators-scott-lummis-tillis-hagerty-push-for-digital-asset-market-structure-rules

Referenced by

The release of these market structure principles comes on the heels of significant legislative momentum for digital assets, including the recent Senate passage of the GENIUS Act— stablecoin legislation that Senator Hagerty co-authored alongside Chairman Scott and Senator Lummis. As Senator Hagerty noted after the GENIUS Act’s passage, “the United States is one step closer to becoming the crypto capital of the world,” and these new market structure principles represent the next crucial step in that journey.

Crypto news

Quote

Senator Hagerty noted regulatory uncertainty’s impact on Bitcoin innovation: “A lack of clear regulatory authority has forced digital asset innovation beyond our borders. By working towards a reasonable framework, we can bolster our nation’s economy and protect consumers.”

Crypto news

Quote

Consumer protection remains prioritized with this market structure, seeing centralized Bitcoin exchanges and intermediaries subject to registration and risk management requirements, including capital standards and custody protections for Bitcoin holdings.

Crypto news

Quote