Senator Tim Scott says that the code of the encryption market structure is approved by August this year

Republican Senator Tim Scott of South Carolina says a bill seeking to create a comprehensive regulatory framework for the area of digital assets will become a law later this year.
In new interview With Fox News, Scott, Chairman of the Senate Committee for Banking, Housing and Urban Affairs, says a draft law will help encryption companies with prosperity and innovation is scheduled to be passed later this year, and to confront the position of the last system on digital assets.
“There is no doubt that according to the Biden administration and [Chairman Gary] Gensler in SEC – they didn’t like Crypto. What I have often said is simply: We must create before we organize. This means that allowing innovation to happen here at home in the area of digital assets is very important to American economic dominance around the world.
The good news is that President Trump leads the way to the encryption revolution that begins here in the banking committee. For this reason, we moved very quickly to the work of the genius … I was passed through my committee in a way of two parties. the next [is] Market structure … I think [it will be] The law passed by August. ”
The genius law, which establishes Stablecoins regulations, is heading to the Senate Hall to vote after the Senate Banking Committee approved a vote from 18-6.
While Scott says that a draft law to create a encryption market structure is the next, but he did not mention any specific legislation.
However, one bill that suits the mold is The structure of the digital assets market and the Investor Protection LawWhich would give the Organizational Committee the CFTC futures trading committee on digital assets with the delivery of the American Securities and Stock Exchange Committee (SEC) the authority to oversee securities digital assets.
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