Based on Cryptofrontnews, a U.S. Senate draft bill classifies major tokens as digital commodities, granting the CFTC clearer authority and a compliance path for institutions. The draft introduces governance rules requiring the separation of exchange, brokerage custody, and trading functions, and mandates exchanges to list only assets that are harder to manipulate. The Senate Agriculture Committee’s release of its section of the digital assets market structure bill is seen as a step toward regulatory clarity by firms like Ondo Finance. The bipartisan draft outlines agency responsibilities, consumer protections, and standards for tokenized instruments, marking the most detailed framework to date for digital asset regulation.
U.S. Senate Draft Bill Proposes Clear Crypto Rules, Assigns CFTC Oversight
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