#BNBBreaksATH

🚨📣: Senate Republicans, including Senate Banking Committee Chairman Tim Scott, have released a discussion draft of a bill to restructure the cryptocurrency market, which they believe expands on a bill passed by the House of Representatives.

- The bill, passed last week, aims to create a regulatory framework for cryptocurrencies, requiring firms to provide retail financial disclosures and segregate corporate funds from customer funds.

- The bill also requires digital asset firms to provide retail financial disclosures and segregate corporate and customer funds.

- The draft aims to define "additional assets" to clarify which digital assets are not securities and requires the Securities and Exchange Commission to adapt existing requirements to suit digital asset activity.

- The bill is seen as more robust than legislation signed last week to regulate stablecoins.