The Internet reported that the U.S. Senate Banking Committee has launched a discussion draft on the CLARITY Act (Market Structure Act), proposing the concept of "ancillary assets" to clarify the specific meaning of the concept of digital assets and seeking to clarify how the U.S. Securities and Exchange Commission (SEC) should regulate digital assets and invite the public to comment on the draft before early August. Last week, the House voted to pass the CLARITY Act, which is still pending approval by the Senate and submission to Trump for signature. The White House encryption chief said last week that Trump will continue to support the passage of the CLARITY Act to fulfill his campaign commitment to the field of encryption. This week the Senate Banking Committee clarified its direction: focusing on the SEC's role in crypto market regulation. Rashan Colbert, U.S. policy director at the Crypto Council for Innovation, said the Senate may advance legislation differently from the way the House passed the CLARITY Act, but he expects the Agriculture and Banking Committees to eventually coordinate market structure legislation. No matter which bill passes, because the Senate requires 60 votes to pass the bill, the opinions of Democrats are crucial.