U.S. Senate Advances Digital Asset Regulation Framework

The U.S. Senate has unveiled a draft proposal for the Digital Asset Market Clarity Act (H.R. 3633), marking a significant step toward establishing comprehensive regulatory standards for digital commodities in the American market.

Under the proposed legislation, regulatory responsibilities would be clearly divided between two key agencies. The SEC would oversee securities-related digital assets, while the CFTC would handle commodity-focused digital assets. This delineation aims to eliminate regulatory ambiguity that has long plagued the sector.

The bill also introduces restrictions on certain digital asset activities, though specific details remain to be detailed in forthcoming amendments. Industry observers view this development as a potential catalyst for market clarity, though the exact implications for different asset categories are still being assessed.