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Senator Lummis from the United States confirmed that the bipartisan "Digital Asset Market Transparency Act" has completed its text drafting and will be submitted to the Senate for review on Thursday.
The biggest highlight of this bill is the clear delineation of regulatory responsibilities—SEC is responsible for digital securities, CFTC for digital commodities, and it also provides registration exemptions for certain DeFi activities. This clear regulatory framework has given many industry insiders hope for a turnaround. Lummis emphasized in a statement that the bipartisan consensus was hard-won and hopes that Democratic colleagues will cherish this progress and work together to advance it.
It is worth noting that the House of Representatives has already completed the vote, and the current key is the Senate. Once passed, the US crypto industry will officially bid farewell to a long period of regulatory ambiguity. However, some market participants also remind that policy clarity itself is neutral; the true market reaction depends on whether the bill's content can balance innovation and investor protection.