🚨 BREAKING: Senator Cynthia Lummis has officially signaled that the Responsible Financial Innovation Act (RFIA) of 2026 will serve as the "definitive line" between securities and commodities in the U.S. crypto market.

The legislation seeks to end the era of "regulation by enforcement" by clearly allocating jurisdiction: the CFTC will gain exclusive spot market authority over "digital commodities" (commercially fungible assets like BTC and $ETH), while the SEC will maintain a defined role for assets used in initial fundraising or tokenized securities. This bipartisan framework is designed to provide the legal precision necessary for legitimate projects to scale without fear of retroactive litigation. $SOL

Core components of the 2026 RFIA include:

- Decentralization Certification: A formal process for a "mature blockchain system" to transition from a security to a commodity once technical maturity is demonstrated.

- Consumer Safeguards: Mandatory segregation of customer assets, a ban on undisclosed rehypothecation, and the creation of a joint SEC-CFTC Customer Protection and Market Integrity Authority.

- Tax Clarity: A $300 de minimis exemption for small crypto transactions and a rule deferring taxes on staking/mining rewards until the assets are actually sold. $ETH

As of late December 2025, Senator Lummis expects this market structure bill to reach the President's desk before the end of the year, following the success of the GENIUS Act (Stablecoin regulation). This legislative push aims to cement the United States as the global leader in digital innovation while providing the structural floor for the next institutional bull cycle heading into 2026.