The United States Senate is still working out its latest attempt at overseeing the crypto and digital assets industry.
The Senate drafted a crypto bill on Friday that would prevent stocks from being treated as commodities if they were tokenized with the goal of passing legislation by the end of 2025.
The Responsible Financial Innovation Act of 2025 is focused on when digital assets will be regulated as securities.
The goal is to have a vote by November.
The initiative has widespread support among Republicans, but still needs seven votes from Democrats in order to pass.
