The Senate encryption bill shows that symbolic shares remain securities star-news.press/wp

The US Senate updated the draft code of the encryption market on Friday, adding a major judgment to clarify how to organize symbolic assets.

The new item will ensure that shares and other securities remain classified as securities at the distinctive symbol on Blockchain, and avoid possible confusion about whether they should fall under the organization of goods.

Discrimination is important for digital asset companies that work on the distinctive symbol. The shares are already organized as securities. When distinguishing, keeping them as securities that remain compatible with the frameworks of the mediator, clearing systems and trading platforms.

“We want this to the president’s office before the end of the year,” He said In an interview with CNBC.

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Encryption of the control division bill between SEC and CFTC

The Senate Bill, which is called the responsible financial innovation law for the year 2025, clarifies when the digital assets must be supervised by the Securities and Exchange Committee in exchange for the Committee for the Trading of the Futures of Commodities.

Lummis CNBC told the Senate Banking Committee this month to vote this month on the provisions related to SEC, followed by a vote from the Agricultural Committee in October on CFTC control. A full Senate vote can occur in November.

While the draft has not yet won the support of the Democrats, Lomis said that the negotiations of the two parties are under progress. “There were efforts to associate with the Democrats and the Republicans on some sub -issues in the draft law,” I noticed, in the hope of building momentum through the party.

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The Senate encryption companies urge Davor to protect the market law

Last month, a group of 112 encryption companies, investors and institutions to call the US Senate urged the protection of software developers and service providers in the legislation of the upcoming encryption market structure.

In a letter to the Senate Banking and Agricultural Committees, the coalition warned that outdated financial rules risked the classification of these actors as intermediaries.

The main players such as Coinbase, Kaken, Ripple, A16z and UniswAP Labs have joined the call, arguing that the uncertainty is already pushing developers. Quoting data from Electric Capital, the message noted that the American share of open source Blockchain developers decreased from 25 % in 2021 to 18 % in 2025.

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