Republicans on the Senate Banking Committee today released a discussion draft of legislation that would overhaul the shape of financial regulation for the crypto sector. The proposal comes after the House passed the CLARITY Act last week with significant bipartisan support.
Sens. Tim Scott (R-S.C.), Cynthia Lummis (R-Wyo.), Bill Hagerty (R-Tenn.) and Bernie Moreno (R-Ohio) dropped the initial draft of the Responsible Financial Innovation Act this morning. They’ve got a lot of questions for policymakers, too.
