To follow the bipartisan Clarity Act, the Senate Banking Committee introduced a new legislative discussion project on July 22, 2025, focusing on the cryptographic market structure. This project aims to modify the Securities Act of 1933 by incorporating elements from the Clarity Act and the Commodity Futures Trading Commission. The final version is anticipated to combine concepts from all three documents, potentially leading to lengthy negotiations. 📜💼
The Senate committee’s discussion project expands on the Clarity Act by defining “ancillary assets” as securities, clarifying “investment contracts,” introducing self-certification, setting new regulatory areas, allowing banking wallet companies to engage in crypto activities, and establishing examination standards to prevent illegal activities. This project also delves into disclosure requirements, issuance limits, and regulations for related parties, providing clarity and opportunities for cryptocurrency entrepreneurs. 💰🔒
https://altcoin.observer/the-senate-banks-committee-releases-the-structure-of-the-cryptographic-market-discussion-and-request-for-information/
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