Senator Cynthia Lummis of the United States recently announced that a legislative draft concerning the structure of the Bitcoin and crypto asset markets has been completed and will be presented at the committee vote this Thursday. This bipartisan proposal has undergone months of arduous negotiations before finalization.

The legislation involves systematic regulation of the crypto market, expected to clarify the regulatory framework for digital assets, compliance requirements for exchanges, and standards for institutional participation in the crypto market. As an important move by Congress in the field of crypto policy, the advancement of this draft signifies a gradual clarification of the US stance on crypto asset regulation and will also influence global crypto market policy directions.

This development has garnered widespread industry attention and is seen as a key step in promoting the development of crypto assets within a compliant framework.