Crypto rules of the road framework unveiled by Republican senators

Regulatory Framework - A new crypto bill framework is introduced by Banking Chairman Tim Scott and Senator Cynthia Lumis, aiming to provide regulatory clarity for crypto and digital assets [2] - The framework includes defining digital assets and determining whether they should be regulated as securities or commodities [2] - The bill framework commits to reducing regulation while addressing money laundering and sanctions evasion [3] - Senator Lumis urges the bill's passage before year-end, highlighting the US's need to catch up with the EU and Singapore in establishing clear crypto regulations [3] Legislative Progress - The Senate passed a stablecoin bill with strong bipartisan support [4] - Trump is urging the House to promptly pass the stablecoin bill without delays or add-ons [4] - Chairman French Hill wants the House to move on both the stablecoin bill and the market structure bill together before the end of August [5]