U.S. Senate Banking Committee has released a set of concepts for offering a legal framework for digital assets
The U.S. Senate Banking Committee revealed Tuesday a set of principles for establishing market structure legislation. The principles were released by Senate Banking Committee Chairman Tim Scott, Digital Assets Subcommittee Chair Cynthia Lummis, Senator …
NEW: @SenatorTimScott, @SenLummis, @SenThomTillis, & @SenatorHagerty unveiled concepts for digital possession market structure legislation. The concepts likewise highlight the requirement for legislation to clearly define the legal status of digital possessions. The authorities think there need to be a clear rationale distinguishing digital possession securities from digital possession products.
Principles seek to specify the legal status of digital properties? NEW: @SenatorTimScott, @SenLummis, @SenThomTillis, & @SenatorHagerty unveiled concepts for digital asset market structure legislation. The principles also emphasize the need for legislation to clearly specify the legal status of digital assets. The officials think there should be a clear rationale distinguishing digital property securities from digital property products. The U.S. officials proposed a new SEC exemption for certain digital asset fundraising to be included in the legislation.
