Republican Senators Cynthia Lummis and Tim Scott have introduced a bill aimed at establishing a clear legal and regulatory framework for Bitcoin and other digital assets in the United States. The legislation seeks to define digital assets, clarify the distinction between securities and commodities, reduce regulatory burdens, and foster innovation while protecting investors. Senators Thom Tillis and Bill Hagerty have also joined the effort, unveiling principles to guide bipartisan digital asset market structure legislation. Senator Lummis has further urged the U.S. Treasury to begin acquiring Bitcoin immediately, suggesting that the Treasury has tools to convert underperforming assets into Bitcoin, positioning it as a strategic reserve asset to strengthen the U.S. financial system amid global monetary challenges. Discussions and public presentations on the proposed digital asset market structure principles are ongoing, with the senators emphasizing regulatory clarity and mainstream adoption of cryptocurrency.