Senate Still Wrestling With Crypto and Digital Asset Policy
The Senate drafted a crypto bill on Friday that would prevent stocks from being treated as commodities
- |
- Written by Banking Exchange staff
The United States Senate is still working out its latest attempt at overseeing the crypto and digital assets industry.
The Senate drafted a crypto bill on Friday that would prevent stocks from being treated as commodities if they were tokenized with the goal of passing legislation by the end of 2025.
The Responsible Financial Innovation Act of 2025 is focused on when digital assets will be regulated as securities.
The goal is to have a vote by November.
The initiative has widespread support among Republicans, but still needs seven votes from Democrats in order to pass.
Tagged under The Economy; Tokenization; Feature; Blockchain; Bitcoin; Cryptocurrency; Feature3;
Related items
- Santander Completes $12.2bn Acquisition of Webster Financial
- Franklin Templeton Brings Tokenized Fund Into Traditional Portfolios
- US Buyers Step Up European Asset Manager Deals
- Duane Morris to Welcome Amina Bank Executives for Talk on Stablecoins
- Barclays names Joo as co-CEO of investment bank alongside Khan