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Gate Square New & Returning Creator Rewards are ongoing!
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The US Senate has unveiled an updated draft framework for crypto market regulation, marking a significant step toward clarifying the regulatory landscape. The legislation addresses the critical question of jurisdictional boundaries between the SEC and CFTC, establishes clear classification standards for digital assets and tokens, and outlines how crypto assets will be treated under federal law.
A key provision in the proposal extends legal safeguards to non-custodial software developers, offering them clarity and protection as they build decentralized applications and infrastructure. This protection is intended to distinguish between developers and entities that actually hold or custody digital assets, reducing legal ambiguity for builders in the decentralized finance space.
The framework represents an attempt to bring much-needed regulatory certainty to the US crypto industry, balancing innovation concerns with consumer protection and financial stability considerations.