According to online reports, according to cryptocurrency journalist Eleanor Terrett, U.S. Senate Banking Committee Chairman Tim Scott, Senator Cynthia Lummis, Senator Bill Hagerty and Senator Bernie Moreno jointly released the long-awaited draft discussion on the structure of the crypto market. The draft was originally scheduled to be released last week, but was delayed due to internal controversy in the House. Based on the already passed House CLARITY Act and the Lummis-Gillibrand Act, the draft proposes new regulations in areas such as token classification, regulatory decentralization, banking, information disclosure, and illegal finance.