The U.S. Senate Banking Committee has released a new draft aimed at overhauling the country’s digital asset market structure, placing regulatory clarity and investor protection at the forefront.

The U.S. Senate Banking Committee published a discussion draft titled the “Responsible Financial Innovation Act,” with an aim to establish a clear framework for categorizing and regulating digital assets.

The drafts, released on the 22nd of July, mark a follow-up to the CLARITY Act, introduced earlier this month.

What impact will this have overall, and what should stakeholders expect?