Two U.S. Senators are renewing efforts to regulate the digital asset sector. They propose a bill that includes registration requirements for crypto exchanges and divides regulatory responsibilities between different agencies. The Senators state that the erratic regulatory framework is due to Congress’ reticence and the lack of proactive guidance from the SEC. Bipartisan legislation is seen as the best path forward for regulatory clarity, consumer protections, and market structure reform in the digital asset ecosystem. The bill is still in progress and has been supported by two GOP-led committees.

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