The Senatoric Banking Committee introduces bipartisan principles for US cryptocurrency legislation by senators Tim Scott, Cynthia Lummis, Thom Tillis, and Bill Hagerty to ensure legal certainty while fostering innovation. Key aspects include defining digital assets' legal status, clarifying regulatory jurisdiction, and implementing targeted anti-money laundering measures. The announcement coincides with the consideration of a bill shifting crypto oversight from the SEC to the CFTC and the Federal Housing Finance Agency examining crypto's impact on mortgage applications. Senator Adam Schiff also proposes the Parts Act. This reflects the growing significance and scrutiny of cryptocurrencies in Washington. 🇺🇸🔗
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