U.S. senators late Monday night unveiled draft legislation that would create a regulatory framework for cryptocurrency that, if signed into law, would clarify financial regulators' jurisdiction over the burgeoning sector, potentially boosting digital asset adoption. The crypto industry has long pushed for such legislation, oftentimes arguing that it is existential to the future of digital assets in the U.S. and necessary to fix core, longstanding problems for crypto companies. Among other things, the legislation would define when crypto tokens are securities, commodities or otherwise, giving the industry ... (full story)