
Republican Senators released a discussion draft for the cryptocurrency market structure legislation on Tuesday, building on the recent passage of the CLARITY Act in the House of Representatives.
What Happened: Cynthia Lummis (R-Wyo.), along with Sen. Tim Scott (R-S.C.), Sen. Bill Hagerty (R-Tenn.) and Sen. Bernie Moreno (R-Ohio) announced the release of a discussion draft for market structure legislation aimed at making the U.S. “the crypto capital of the world.”