BREAKING: Bullish News for Cryptocurrencies from the US Senate

The US Senate Banking Committee draft would exclude staking, airdrops and decentralized physical infrastructure networks from the scope of securities laws.

According to Eleanor Terrett, the Senate Banking Committee's updated market structure bill includes significant regulations regarding crypto assets. According to the amendments made to the bill:

• Staking, airdrops and pre-legal tokens will not be classified as securities except in cases of fraud (Section 101).
• Decentralized physical infrastructure networks (DePIN) will be exempt from securities laws (Section 504).
• DeFi, self-custody, and developer protections will be preserved (Sections 501, 505, 506).
• Additionally, a formal coordination framework will be established between the SEC and the CFTC (Sections 701, 702).

*This is not investment advice.