US Cryptocurrency Market Structure Bill Draft Released..."Securing Regulatory Clarity"

▲ Cryptocurrency regulation, cryptocurrency law, US Securities and Exchange Commission/AI-generated image

The draft of the US cryptocurrency market structure bill has been released, laying a historic foundation for securing regulatory clarity for virtual assets and attracting institutional funds.

Cryptocurrency specialized media Coingape reported on May 12 (local time) that the US Senate Banking Committee announced the draft of the US Cryptocurrency Market Structure Bill (CLARITY). This bill presents clear criteria for distinguishing the legal nature of virtual assets as commodities and securities. The core of the bill is to resolve market confusion by separating the regulatory powers of the SEC and CFTC. This legislation aims to increase predictability in the US virtual asset industry.

The bill includes consumer protection measures linked to the stablecoin regulation act GENIUS. Stablecoin issuers must prove 1:1 reserves. They are obligated to undergo regular audits to demonstrate financial soundness. Virtual asset exchanges must manage customer assets and company assets separately. This prevents recurrences such as the past Terra or FTX incidents. In essence, strong legal safeguards have been established for investor protection.

Industry experts anticipate that institutional funds worth approximately $20 trillion will flow in if the bill passes. This is because it opens the way for pension funds and asset management companies, which had hesitated to invest due to regulatory uncertainty, to enter the market. The institutional integration of major assets such as Bitcoin (BTC) and Ethereum (ETH) is expected to accelerate. This will serve as a significant catalyst for improving liquidity in the virtual asset market.

President Donald Trump has continuously requested Congress for the swift processing of this bill. The Senate Banking Committee is scheduled to proceed with the bill markup process on May 14. Once it passes the committee vote and is submitted to the full Senate, it will enter the final legislative stage. Trump has expressed his determination to make the US a global virtual asset capital and is expediting the bill's signing.

The virtual asset industry expects this draft to be a turning point that will end the regulatory dark age. If the bill is enacted, exchanges in the US will secure the same legal status as institutional financial organizations. Clear guidelines will be the driving force to lead technological innovation and market growth simultaneously. Investors will be able to conduct virtual asset transactions in a safer environment.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*