The US Senate Banking Committee is conducting hearings on digital asset market regulations, highlighting the testimonies of former CFTC Chair Rostin Behnam and other industry leaders. Behnam emphasized the necessity for structures prioritizing customer protections to mitigate risks in financial markets.
Senator Cynthia Lummis and others are pushing for clearer regulations, such as the CLARITY Act, to define the legal status of digital assets. Amid concerns about conflicts of interest and the need for transparency, the Senate is exploring frameworks to ensure market stability.
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