New Delhi, May 13 -- Ahead of the scheduled committee vote for the Clarity Act - a landmark bill aimed at creating a regulatory framework for cryptocurrencies- on Thursday, the US. Senate Banking Committee late Monday released the legislation's text. The bill aims to clearly define the jurisdiction of financial regulators over the fast-growing crypto sector, potentially boosting the adoption of digital assets. Here are five key provisions to look at:

The bill tries to define how crypto exchanges and other crypto players are allowed to pay rewards on stablecoins - digital tokens linked to the US dollar. It also tries to resolve a growing clash between crypto firms and banks over the use and regulation of stablecoins.

The bill bans reward...