Regulation should be modernized, and that regulation should protect those who buy or trade digital assets. What are some of the key points in the Senate's version that people can expect? Well, The Senate version has something called ancillary assets, which we think is a very clear line legally between what is a commodity and what is a security. We want to do that because, of course, that puts them in different regulatory pockets with some securities Exchange Commission taking the securities side, which requires a lot of disclosure so consumers are protected. (08:46–08:57)
CLAIM
Asserts that the Senate version includes a legal distinction between commodities and securities.
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