According to @EleanorTerrett, the Senate Banking Committee’s latest market structure draft reflects stakeholder and lobbyist feedback, signaling specific coverage areas for digital assets and infrastructure providers (source: @EleanorTerrett). Section 101 on Ancillary Assets seeks legal clarity by excluding assets that are clearly securities, stating staking and airdrops are not securities, and barring SEC enforcement actions and private lawsuits against existing tokens issued before enactment if they are not fraudulent (source: @EleanorTerrett). Section 504 introduces a securities-law exemption for decentralized physical infrastructure networks, explicitly covering DePIN projects (source: @EleanorTerrett). The draft maintains self-custody protections (Section 506), a DeFi exemption (Section 501), and the Blockchain Regulatory Certainty Act (Section 505), preserving developer and user safeguards (source: @EleanorTerrett). Sections 701–702 establish a Joint Advisory Committee and a process to resolve disputes between the SEC and CFTC for digital assets, formalizing interagency coordination (source: @EleanorTerrett). These provisions directly address staking, airdrops, DePIN, DeFi, self-custody, and SEC-CFTC processes, defining the segments and activities covered in the draft that market participants can track (source: @EleanorTerrett).