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![EleanorTerrett Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::4182894076.png) Eleanor Terrett [@EleanorTerrett](/creator/twitter/EleanorTerrett) on x 253.9K followers
Created: 2025-07-22 13:24:53 UTC

🚨JUST IN: Senate Banking Chair @SenatorTimScott, @SenLummis, @SenatorHagerty & @berniemoreno have just released their long-awaited market structure discussion draft. 

It was set to be released last week, but was delayed because of the House drama.

It builds on the House-passed CLARITY Act as well as Lummis-Gillibrand, and takes aim at token classification, regulatory fragmentation, banking, disclosures, illicit finance and more.

The Senators are also issuing a Request for Information, asking for feedback on 35+ topics ranging from SEC/CFTC jurisdiction to token classification, stablecoins, custody, investor protection, DeFi exemptions, even pig butchering scams.

Bill text below ⬇️


XXXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1947649049928102078/c:line.svg)

**Related Topics**
[token](/topic/token)
[clarity](/topic/clarity)
[banking](/topic/banking)

[Post Link](https://x.com/EleanorTerrett/status/1947649049928102078)