Senate Banking Committee Releases Draft of Market Structure Legislation

The Senate Banking Committee just released a draft of its impending market structure legislation. This 182-page document includes many important changes from the last known version.

A few particular areas of interest include airdrops and staking, DePIN, and coordination between relevant agencies. Moreover, it expands the usage of regulatory exemptions, which the CFTC has recently been employing.

Crypto regulation has been a hot topic in the last few months, and the CLARITY Act has been a particularly influential bill. It’s remained in a certain limbo after passing a House vote in July, but the Senate Banking Committee has been revising it.

A draft version of this crypto market structure legislation is currently circulating.