The U.S. Congress releases a discussion draft on cryptocurrency market structure

ChainCatcher news, according to cryptocurrency reporter Eleanor Terrett, U.S. Senate Banking Committee Chairman Tim Scott, Senator Cynthia Lummis, Senator Bill Hagerty, and Senator Bernie Moreno have jointly released the long-awaited discussion draft on cryptocurrency market structure.

The draft was originally scheduled for release last week but was delayed due to internal disputes in the House of Representatives. The draft proposes new regulations in areas such as token classification, regulatory decentralization, banking operations, information disclosure, and illicit finance, based on the already passed House CLARITY Act and the Lummis-Gillibrand bill.