TechFlow reports that on September 6, according to Coinness, the U.S. Senate Banking Committee released a revised draft of the Cryptocurrency Act on Lending, Regulation, and Transparency (CLARITY). Under the draft, staking and airdrops would not be subject to securities laws, and decentralized physical infrastructure networks (DePIN) would also be exempt from securities regulations. Additionally, the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) will establish a joint advisory committee to jointly make decisions and resolve disputes in the cryptocurrency field. Furthermore, the draft retains provisions from earlier versions, such as self-custody protections and DeFi exceptions.
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