# Banking Committee Market Structure Bill

> The draft bill makes clear that staking, airdrops, and DePIN tokens are not treated as securities.

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2025-09-06
**Categories:** news, 2025, september2025
**URL:** https://ethdaily.io/777

## Content

Quick TakeMarket structure bill draft excludes staking.OpenZeppelin Confidential Contracts v0.2.0.SharpLink plans to stake on Linea.Fusaka upgrade info page.Banking Committee Market Structure BillListen to this episode from ETH Daily - Ethereum News on Spotify. The Banking Committee releases its latest market structure bill draft. OpenZeppelin releases Confidential Contracts v0.2.0. SharpLink plans to stake ETH on Linea. And Ethereum.org adds a Fusaka upgrade page. Read more: https://ethdaily.io/777 Disclaimer: Content is for informational purposes only, not endorsement or investment advice.https://spotify.comBanking Committee Market Structure BillThe Senate Banking Committee released the latest draft of its market structure bill. The proposal makes clear that staking, airdrops, and decentralized physical infrastructure network (DePIN) tokens are not treated as securities, so long as they operate under transparent, rules-based protocols and avoid concentrated control. The bill also provides legal protections for non-custodial developers, stating that simply building or publishing code for DeFi protocols does not trigger securities regulation. More broadly, the bill seeks to distinguish between digital asset securities and commodities.OpenZeppelin Confidential ContractsOpenZeppelin released Confidential Contracts v0.2.0, an experimental update to its Fully Homomorphic Encryption (FHE)-powered library built with Zama FHE. The release introduces support for private token vesting streams with encrypted amounts, configurable cliffs, and batch funding. The release also supports private governance through confidential delegation, voting power tracking, and governance tokens. All contracts now run on fhevm/solidity v0.7.0 for faster computations, and new utilities include confidential checkpoints. OpenZeppelin encourages developers to experiment with the privacy-focused library and share feedback.SharpLink Plans To Stake On LineaAccording to Decrypt, SharpLink Gaming is planning to stake part of its $3.6 billion strategic ETH reserve on Linea, a ZK-EVM by Consensys. Currently, the company holds its ETH through custodians. SharpLink Co-CEO Joseph Chalom highlighted the potential for better yield and higher risk-adjusted returns through Linea. SharpLink is also a member of the Linea Consortium, which manages the Ecosystem Fund containing 75% of the Linea token supply. With 837,000 ETH in its treasury, SharpLink is the second-largest corporate holder of ETH. Linea is set to launch its native token on September 10th.Ethereum Fusaka Upgrade PageThe Ethereum.org website now features a dedicated page for the Fusaka upgrade, Ethereum’s next upgrade slated for Q4 2025. The informational page outlines the improvements that will be introduced in Fusaka. Fusaka currently includes 10 core EIPs, with the headliner proposal being Peer Data Availability Sampling, a scalability enhancement that allows nodes to verify the availability of blob data without downloading the full data set, benefiting Layer 2 solutions significantly.Other NewsLinea releases documentaryETH hits ATH in 30d txsVitalik highlights Codex L2Ready for Merge podcast teaserLibp2p is losing its maintainersDevcontainer-wizard CLIWeek in EF ResearchECH community call #1StablecoinX Inc raises $30mSuperfluid partners with BoundlessBlockchains can fix gov inefficiencies Disclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

## Publication Information

- [ETH Daily](https://ethdaily.io/): Publication homepage
- [All Posts](https://ethdaily.io/): More posts from this publication
- [RSS Feed](https://api.paragraph.com/blogs/rss/@ethdaily): Subscribe to updates
- [Twitter](https://twitter.com/intent/follow?screen_name=ethdaily): Follow on Twitter