Senate Don Bring RFIA for U.S. Crypto Regulation

For July 22, Senate Banking Committee drop Responsible Financial Innovation Act (RFIA), na be like draft wey dem dey discuss to set clear crypto regulation framework. RFIA build on top bipartisan CLARITY Act by defining digital assets, exempt small side tokens wey get less than $75 million annual sales, and propose to move digital asset oversight from SEC to CFTC. E also tell SEC make dem fit adjust or waive old rules for digital asset issuers and open public to comment till August 5, if full committee approve am. For di same time, one House subcommittee propose 7% budget slash for SEC during di tokenization discussion. SEC Chair Paul Atkins praise tokenization but people like Commissioner Hester Peirce and Citadel Securities warn say tokenized securities still dey under federal law. Industry people dey quick push innovation: JPMorgan dey explore BTC and ETH backed loan; Western Union and WisdomTree plan to launch stablecoin; Polymarket dey plan how to enter US again through stablecoin partnership. Other matter include U.S. Marshals Service dey check mismatch between seized and forfeited BTC, meaning say better safeguards dey needed. Confidential IPO filings by Bullish Global and custodian BitGo show say investors get strong interest. Overall, dis wave of regulations and market innovation mark big moment for US crypto regulation, promise better clarity and fit even boost market confidence.