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Senate CLARITY Draft Redefines Crypto Regulation Framework
A new draft of the CLARITY Act surfaced this week in the U.S. Senate, outlining a revised crypto market structure. The proposal, released by the Senate Banking Committee, seeks to define regulatory oversight, asset classification, and exchange standards. Lawmakers introduced it ahead of scheduled markup hearings, aiming to address long-standing regulatory uncertainty through statutory rules.
ETF-Based Classification and Asset Status
Under the draft, cryptocurrencies included in exchange-traded products by Jan. 1, 2026, gain non-ancillary asset status. This classification would exempt them from Securities and Exchange Commission securities rules. Notably, the approach relies on ETF participation rather than token design.
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