The Republican senator Tim Scott de Caroline du Sud said that a bill to create a complete regulatory framework for digital asset space will become the law later this year.
In a new interview with Fox News, Scott, chairman of the senatorial committee of banks, housing and urban affairs, said that a bill that will help cryptographic companies to prosper and innovate should be adopted later this year, to counter the position of the last diet on digital assets.
“There is no doubt that by virtue of the Biden administration and (President Gary) Gensler on the dry – they simply did not like Crypto. What I have said very often is just as follows: we have to innovate before regulating.
The good news is that President Trump opens the way to a cryptographic revolution from the banking committee. And that is why we moved the act of genius very quickly … It went through my committee in a bipartite manner. According to (is) the structure of the market … I believe (it will be) adopted by August. »»
The Engineering Act, which establishes regulations for stablescoins, is heading to the Senate soil for a vote after the Senate banks Committee approved the bill with a bipartite vote of 18-6.
Although Scott says that a bill to establish a cryptographic market structure is as follows, it has not mentioned any specific legislation.
However, a bill that corresponds to the mold is the structure of the digital asset market and the investor protection law, which would give the regulatory power of future commission commission (CFTC) on digital assets while putting the American Securities and Exchange (SEC) commission to supervise digital asset titles.
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