US Senators Drop Bombshell Crypto Bill: The Regulation Revolution Starts Now

Washington just fired the starting gun on crypto's next evolution. A bipartisan group of senators unveiled a sweeping new draft bill aimed at overhauling digital asset regulation—and the industry will never be the same.

Ditch the guesswork: This legislation promises crystal-clear rules for exchanges, stablecoins, and DeFi protocols. Finally, a framework that doesn't treat Bitcoin like a suspicious package at the airport.

The fine print? We're digging through the 87-page document now. Early details suggest mandatory disclosures, consumer protections, and—shockingly—actual coordination between the SEC and CFTC. (Someone check if hell froze over.)

Wall Street analysts are already placing bets on which crypto lobbyists will water this down first. Meanwhile, Bitcoin barely blinked—proving once again that decentralized money outlasts political theater every time.

Key proposals in the draft

One of the bill’s Core components is the introduction of clear definitions and standards for ancillary assets, digital tokens that do not qualify as securities. The draft also introduces tailored disclosure requirements for digital asset issuers, ensuring pre- and post-launch transparency.

Senator Hagerty noted that “outdated laws and regulatory uncertainty around digital asset market structure have hindered American innovation and left consumers without adequate protections.”

Due to this, the draft called on the US Securities and Exchange Commission (SEC) to modernize its operations by adapting its rules for emerging technologies.

This includes issuing new rules under “Regulation DA” that exempt certain ancillary asset sales from registration if they remain under $75 million in annual proceeds, capped over four years. It also pushes for refined definitions around what constitutes an “investment contract” under federal law.

The bill promotes innovation in banking by allowing financial holding companies to deliver services using digital assets and distributed ledger technology.

Additionally, it includes provisions to combat illicit finance, calling for stronger examination standards and inter-agency cooperation to detect and prevent misuse of digital assets.

The senators have also released a Request for Information to support the rulemaking process, inviting public comment on more than 35 topics.