This weekend, the U.S. political arena is once again focusing on the Crypto Assets sector. According to reliable sources, Senate Banking Committee Chairman Tim Scott, along with several senators, has jointly released a discussion draft on the structure of the crypto market. The release of this draft has been slightly delayed from the original schedule, mainly due to internal disagreements in the House of Representatives on related issues.

The new draft covers a wide range of content and involves several key areas. It largely draws on the framework of the previously passed CLARITY Act by the House of Representatives and the Lummis-Gillibrand Act, while also introducing some innovative proposals. Specifically, the draft focuses on token classification standards, regulatory approaches for decentralized systems, norms for crypto-related banking activities, information disclosure requirements, and combating illegal financial activities.

The release of this document marks a significant acceleration by U.S. lawmakers in their efforts to establish a clearer and more comprehensive regulatory framework for the rapidly evolving crypto assets industry. Although the draft is still in the discussion phase, it undoubtedly lays an important foundation for future legislative work and reflects the growing attention of regulatory agencies to the crypto market.

With the publication of this draft, industry insiders generally believe that the United States' crypto assets policy may soon undergo a significant turning point. However, there is still a long way to go from the draft to final legislation. Next, we can expect to see more discussions and debates from the industry, regulatory agencies, and the public, which will further shape the regulatory landscape of crypto assets in the United States and globally.