US Senators Propose New Crypto Regulation Bill to Enhance Market Clarity

A bipartisan group of U.S. senators, including Tim Scott, Cynthia Lummis, Bill Hagerty, and Bernie Moreno, has released a discussion draft of the Responsible Financial Innovation Act of 2025. The bill aims to provide clearer regulatory frameworks for digital assets, building on the recently passed CLARITY Act in the House.

The proposed legislation seeks to address critical areas such as banking, securities classification, consumer protection, and anti-illicit finance measures. Senator Lummis emphasized the urgency of regulatory clarity, stating, "We cannot allow regulatory confusion to continue driving American innovation overseas." The bill introduces tailored disclosure requirements and defines ancillary assets—digital tokens that do not qualify as securities.

Market participants view this as a pivotal step toward establishing the U.S. as a leader in digital asset innovation. The draft is now open for public feedback, with lawmakers aiming to modernize the regulatory framework and foster industry growth.