A bill on the structure of the crypto market was introduced in the U.S. Senate.

The U.S. Senate Banking Committee presented the bill "Responsible Financial Innovation Act of 2025" (RFIA). It defines the structure of the cryptocurrency market and introduces asset classification.

The initiative was prepared by committee chairman Tim Scott, chair of the subcommittee on digital assets Cynthia Lummis, and Senators Bernie Moreno and Bill Hagerty. According to the official statement, the RFIA is based on another bill – the "Digital Asset Market Clarity Act of 2025" (CLARITY).

The last one was approved by the House of Representatives in mid-July 2025, after which it was sent for consideration to the Senate.

"My colleagues and I in the House of Representatives and the Senate share the same goal: to establish clear rules for digital assets that will protect investors, promote innovation, and secure the future of digital finance based on America," said Scott.

RFIA contains a number of key points that form the regulatory framework for the cryptocurrency market as a whole. In particular, it defines which digital assets are not considered securities.

The bill also outlines a number of requirements for the U.S. Securities and Exchange Commission (SEC) regarding the adaptation of legislation and a clearer definition of an investment contract.

Along with the publication of the bill, the authors requested comments from the public. At this point, the future of this bill remains unclear, as it has not even passed the committee vote.

Let us remind you that together with CLARITY, the House of Representatives approved two more bills - GENIUS and Anti-CBDC. The first has already been signed by President Donald Trump. The law serves as a regulatory framework for stablecoins.