A group of American senators has introduced a discussion concept of a new bill that would establish clearer rules for the digital assets industry of the country.
On July 22, Senators Tim Scott, Cynthia Lummis, Bill Hagerty and Bernie Moreno released the draft version of the responsible Financial Innovation Act of 2025 to request public feedback.
The proposed legislation builds on the Clarity Act that has recently been adopted in the house and focuses on strengthening the market structure, protecting consumers and improving regulations.
The senators said that the bill tackles the most important areas such as banking, disclosures, securities classification and anti-illegal financing measures.
In a commentary on the initiative, Senator Lummis emphasized the urgency of the clarity of the regulations to strengthen the growth of emerging industry in the US.
According to the legislator:
“We cannot allow the confusion of regulations to continue to stimulate American innovation abroad. The market structure legislation will clearly distinguish between digital assets effects and raw materials, modernize our regulatory framework and position the United States as the world leader in innovation in digital assets.”
Main proposals in the design
One of the core components of the bill is the introduction of clear definitions and standards for additional assets, digital tokens that are not eligible as effects. The concept also introduces tailor-made disclosure requirements for digital power expenses, whereby transparency pre- and post-launch is guaranteed.
Senator Hagerty noted that “outdated laws and regulatory uncertainty around the market structure of digital assets have impeded American innovation and have left consumers without adequate protection.”
As a result, the design called on the US Securities and Exchange Commission (SEC) to modernize its activities by adjusting its rules to emerging technologies.
This includes issuing new rules on the basis of “Regulation DA” that exempt certain sales of additional assets from registration if they remain less than $ 75 million in annual revenues, concluded for four years. It also insists on refined definitions about what an “investment contract” is according to federal legislation.
The bill promotes innovation in banking by enabling financial holding companies to deliver services using digital assets and distributed ledger technology.
In addition, it includes provisions to combat illegal financing, calling for stronger research standards and cooperation between authorities to detect and prevent abuse of digital assets.
The senators have also released a request for information to support the regulation process, which invites public comments to more than 35 topics.