The U.S. Senate has released a new draft aimed at establishing rules for the crypto market, supported by key industry figures.
Draft of Financial Innovation Act
The Senate has proposed the "Responsible Financial Innovation Act of 2025", backed by key industry stakeholders, and is actively inviting feedback from crypto institutions. Senators Tim Scott and Cynthia Lummis lead this legislative effort.
Impact on Ethereum and Bitcoin Status
The introduction of this draft could significantly affect the classification of major digital assets, particularly Ethereum and Bitcoin. Industry engagement is crucial for refining the specifics of the draft legislation.
Historical Context of Legislative Efforts
Previous legislative attempts, such as the Clarity Act, have shaped certain regulatory boundaries. Experts believe that the new sponsored draft may promote market stability in the U.S. As Tim Scott noted: CITE_W_A. "My colleagues and I in the House and Senate share the same goal: to provide clear rules of the road for digital assets that protect investors, foster innovation, and keep the future of digital finance anchored in America."
Systematic regulation could lead to long-term stability in the digital assets market, adapting to potential changes in its structure and addressing new technologies.
