
GOP Senators Propose Crypto Market Framework, Eye House Alignment
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Republican leaders on the Senate Banking Committee have circulated a draft bill to establish a regulatory framework for digital assets, potentially merging efforts with the House’s recently passed CLARITY Act.
The discussion draft, led by Sens. Tim Scott and Cynthia Lummis, advances the Responsible Financial Innovation Act, which seeks to clarify crypto market rules. “Our goal is regulatory certainty,” Scott stated.
While the House cleared three crypto bills last week, only the stablecoin-focused GENIUS Act was enacted. The Senate GOP targets a vote before October.