- Senate Banking Committee releases draft for new crypto bill.
- Bill expands developer protections significantly.
- Institutional involvement expected to increase.
On July 22, 2025, the Senate Banking Committee introduced the Crypto Market Structure Bill, proposing significant regulatory changes for digital assets in the United States.
The bill seeks to enhance developer protections, clarify token classifications, and encourage institutional engagement, reflecting a pivotal shift in U.S. digital asset regulation.
The Senate Banking Committee’s new Crypto Market Structure Bill proposes a comprehensive framework for digital asset regulation. Released on July 22, 2025, it emphasizes developer protections and distinct classifications for various tokens.
Spearheaded by Senators Tim Scott, Cynthia Lummis, and others, the draft introduces explicit differentiations between tokens. The SEC-centric regulatory framework aims to balance innovation with oversight.
The bill’s introduction has been met with positive reactions from the crypto community, noting its potential to unlock institutional involvement. Developers express cautious optimism about new protections outlined in the draft. “The new market structure draft from Senate Banking has the best developer protections language we have seen to date. Still digging into the rest of the bill, but this is worth celebrating immediately,” said Amanda Tuminelli, Crypto Industry Policy Counsel.
By allowing bank holding companies to enter digital asset activities, the legislation may widen institutional access. The introduction of self-certification regimes could reduce SEC enforcement risks, facilitating a smoother entry for exchanges.
The bill also affects non-security assets like ETH, providing additional clarity and protection. NFTs gain a specific exemption from being classified as securities.
Insights suggest that the regulatory clarity could enhance market stability and promote technological innovation. The framework sets a precedent, reinforcing institutional trust while supporting industry growth and expansion.
