The US Senate Banking Committee has released a draft virtual assets (cryptocurrency) bill that would exempt staking, airdrops and DePIN from securities regulation.
On the 6th, according to cryptocurrency media CoinDo, the core of the proposed draft is a provision that, in principle, does not classify staking, airdrop, and pre-legal tokens (pre-legal tokens) as securities. However, exceptions apply in the event of fraud or other illegal acts. The industry has expressed expectations that this amendment would significantly reduce regulatory uncertainty.
The bill also explicitly excludes DePIN projects (Decentralized Physical Infrastructure Networks), which build physical infrastructure in a decentralized manner, from the scope of securities law. It also includes provisions to protect decentralized finance (DeFi) developers, self-incubation, and open source innovation.
In addition, a provision has also been introduced providing for the establishment of a cooperative framework between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), which is expected to ease jurisdictional disputes between the two agencies. “Excluding staking and DePIN from securities regulation could provide clarity,” the outlet added, and “if this draft passes as is, it could lead to significant changes in how virtual asset projects operate in the US.”
