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The US Senate Banking Committee has released principles for the structure of crypto markets

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2025-06-24 14:56:40
According to Eleanor Terrett, Tim Scott, chairperson of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, together with Senators Cynthia Lummis, Thom Tillis, and Bill Hagerty, has released the Crypto Market Structure Principles, which are designed to guide future cryptocurrency legislation. The principles emphasize six key directions:
1. Clearly define the legal status of digital assets and distinguish between digital asset securities and commodities
2. Clearly allocate the responsibilities of regulators to avoid the emergence of a single all-round regulator
3. Modernize regulation to promote innovation, including new exemptions for digital asset financing by the SEC
4. Protect the rights and interests of digital asset traders and implement innovative and friendly registration requirements for centralized intermediaries
5. Develop targeted and innovative anti-money laundering measures
6. Federal financial regulators should welcome responsible innovation and provide clear guidance
The principle places particular emphasis on protecting self-custody rights, distinguishes between centralized and decentralized platforms, and acknowledges that tokenization is an evolution of financial infrastructure rather than a fundamental change.
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