{"id":3953,"date":"2025-06-24T18:16:58","date_gmt":"2025-06-24T18:16:58","guid":{"rendered":"https:\/\/digkrypton.com\/index.php\/2025\/06\/24\/republican-senators-scott-lummis-tillis-hagerty-push-for-digital-asset-market-structure-rules\/"},"modified":"2025-06-24T18:16:58","modified_gmt":"2025-06-24T18:16:58","slug":"republican-senators-scott-lummis-tillis-hagerty-push-for-digital-asset-market-structure-rules","status":"publish","type":"post","link":"https:\/\/digkrypton.com\/index.php\/2025\/06\/24\/republican-senators-scott-lummis-tillis-hagerty-push-for-digital-asset-market-structure-rules\/","title":{"rendered":"Republican Senators Scott, Lummis, Tillis, Hagerty Push For Digital Asset Market Structure Rules"},"content":{"rendered":"

Bitcoin Magazine<\/a><\/p>\n

Republican Senators Scott, Lummis, Tillis, Hagerty Push For Digital Asset Market Structure Rules<\/a><\/p>\n

<\/div>\n

Republican senators have released<\/a> principles to guide digital asset market structure legislation, marking a significant step toward regulatory clarity that could benefit Bitcoin<\/a> and the broader crypto industry. Senate Banking Chairman Tim Scott (R-SC), along with Senators Cynthia Lummis (R-WY), Thom Tillis (R-NC), and Bill Hagerty (R-TN), announced the framework balancing innovation with consumer protection.\u00a0<\/p>\n

The principles address regulatory uncertainty that has plagued Bitcoin and digital assets, emphasizing clear jurisdictional boundaries between agencies and modernized oversight approaches for digital assets.\u00a0\u00a0<\/p>\n

\n

NEW: @SenatorTimScott<\/a>, @SenLummis<\/a>, @SenThomTillis<\/a>, & @SenatorHagerty<\/a> unveiled principles for digital asset market structure legislation. These will guide bipartisan efforts to bring regulatory clarity, foster innovation, & protect investors.<\/p>\n

Read more: https:\/\/t.co\/5NVwlsUvlZ<\/a><\/p>\n

\u2014 U.S. Senate Banking Committee GOP (@BankingGOP) June 24, 2025<\/a>\n<\/p><\/div>\n

\u201cSince taking over as Chairman, I\u2019ve led a new approach to digital assets regulation,\u201d said Chairman Scott. \u201cThese principles will serve as an important baseline for negotiations on this bill, and I\u2019m hopeful my colleagues will put politics aside and provide long-overdue clarity for digital asset regulation.\u201d\u00a0<\/p>\n

The framework covers six key areas, beginning with clearly defining Bitcoin and other digital assets\u2019 legal status. The senators propose establishing statutory distinctions between digital asset securities and commodities, providing industry participants predictability.\u00a0<\/p>\n

Senator Lummis, a vocal Bitcoin advocate<\/a>, emphasized America\u2019s competitive position: \u201cWhile the European Union and Singapore have established clear regulations, the U.S. continues to sit on the sidelines while the digital asset industry seeks greener pastures. That changes today.\u201d\u00a0<\/p>\n

The principles call for clear regulatory jurisdiction allocation, preventing any single regulator from gaining comprehensive authority over digital assets. The framework aims to distinguish between centralized firms, decentralized protocols like Bitcoin\u2019s network, and non-custodial software platforms.\u00a0<\/p>\n

Importantly, the proposed legislation aims to preserve Bitcoin self-custody rights and recognize the blockchain technology powering Bitcoin for non-financial purposes shouldn\u2019t face financial product regulations.\u00a0<\/p>\n

The framework modernizes regulations through new SEC exemptions for digital asset fundraising and tailored compliance pathways that could benefit Bitcoin-related businesses. It recognizes tokenization as infrastructure evolution.\u00a0<\/p>\n

Consumer protection remains prioritized with this market structure, seeing centralized Bitcoin exchanges and intermediaries subject to registration and risk management requirements, including capital standards and custody protections for Bitcoin holdings.\u00a0\u00a0<\/p>\n

Senator Hagerty noted regulatory uncertainty\u2019s impact on Bitcoin innovation: \u201cA lack of clear regulatory authority has forced digital asset innovation beyond our borders. By working towards a reasonable framework, we can bolster our nation\u2019s economy and protect consumers.\u201d<\/p>\n

The release of these market structure principles comes on the heels of significant legislative momentum for digital assets, including the recent Senate passage of the GENIUS Act<\/a>\u2014 stablecoin legislation that Senator Hagerty co-authored<\/a> alongside Chairman Scott and Senator Lummis. As Senator Hagerty noted after the GENIUS Act\u2019s passage, \u201cthe United States is one step closer to becoming the crypto capital of the world,\u201d and these new market structure principles represent the next crucial step in that journey. <\/p>\n

\n

Pro-digital assets. Pro-innovation. Pro-America.<\/p>\n

These market structure principles will guide legislation to make the U.S. the crypto capital of the world. pic.twitter.com\/UQki5meTcc<\/a><\/p>\n

\u2014 Senator Cynthia Lummis (@SenLummis) June 24, 2025<\/a>\n<\/p><\/div>\n

This post Republican Senators Scott, Lummis, Tillis, Hagerty Push For Digital Asset Market Structure Rules<\/a> first appeared on Bitcoin Magazine<\/a> and is written by Jenna Montgomery<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Bitcoin Magazine Republican Senators Scott, Lummis, Tillis, Hagerty Push For Digital Asset Market Structure Rules Republican senators have released principles to guide digital asset market structure legislation, marking a significant step toward regulatory clarity that could benefit Bitcoin and the broader crypto industry. Senate Banking Chairman Tim Scott (R-SC), along with Senators Cynthia Lummis (R-WY), […]<\/p>\n","protected":false},"author":0,"featured_media":3954,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-3953","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-bitcoin"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=3953"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/3953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media\/3954"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=3953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=3953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=3953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}