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A new Senate proposal aims to clarify crypto regulations by defining ‘ancillary assets’ and exempting them from SEC oversight. The draft builds on the bipartisan CLARITY Act and seeks to balance innovation with investor protection.
- Defines 'ancillary assets' to exempt some cryptos from SEC securities regulations.
- Calls for joint SEC-CFTC rulemaking on digital asset oversight.
- Builds on the House-passed CLARITY Act but faces Senate opposition over consumer protections.
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