Republican senators in the U.S. call for a moderate approach to regulating digital assets.

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According to the news from Shenchao TechFlow on July 10, based on reports from Jin10, a key group in the U.S. Senate has begun debates on proposed regulations for digital assets, with Republicans calling for a moderate approach and Democrats warning of potential loopholes and conflicts of interest.

Senate Banking Committee Chairman Tim Scott said, "Our job is to set clear, flexible guardrails to protect investors, curb fraud, and allow responsible innovation to thrive." He noted that legislation should clearly define which tokens are securities and ensure appropriate protections against illegal fundraising. Republican Senator Hagerty and others released market structure principles last month, calling for a clear definition of the legal status of digital assets and regulatory bodies. The plan largely aligns with the CLARITY Act proposed by the House Committee in June.

Hagerty stated that he is not worried about losing bipartisan support for market structure legislation and predicts that Democrats who support stablecoin legislation will begin to take action.

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