Joe Hall submits letter to Senate Banking Committee on digital asset market structure
Davis Polk partner and Corporate Governance practice head Joe Hall submitted a letter to the U.S. Senate Committee on Banking, Housing and Urban Affairs in response to its recent Request for Information (RFI) on digital asset market structure. The letter addresses the key considerations for developing a U.S. crypto regulatory framework and how the federal securities laws apply to digital asset transactions.
This was submitted in response to the Senate Committee’s initial discussion draft of digital asset market structure legislation that builds on the CLARITY Act, which passed the House of Representatives on July 17, 2025. In addition to the discussion draft, the committee issued an RFI to solicit feedback from stakeholders on how Congress should approach regulating the rapidly evolving digital asset markets and to inform the development of potential legislation.