Congress takes quick measures to form the future of Stablecoins in the world of encryption. The House of Representatives only Absolute It copied, after the recent approval of the Senate on a similar bill.
A new bill to align the efforts of the House of Representatives and the Senate
This new legislation will determine the rules of how companies create and use digital -backed digital symbols, which represents a great step in bringing more control and clarity on the growing encryption industry. Steel explained that the new version of the draft law will help in harmony with the efforts of the House of Representatives and the elderly, which makes the two versions more similar and easier to work.
“Transparency and accountability from Stablecoin and accountability for the best Ledger’s economy (stable law)” is a strong continuation of our work on digital assets in the last Congress, “Hill said,” Hill said in a statement.
Rep EMMER re -submitting the stock clarity law
Besides, on Wednesday, MP Emir Repeat the law of clarity of securitiesIt aims to clarify how the encryption assets fit with the Securities Law.
“So we have a clear definition of what is a commodity and what is security, the American innovation will continue to suffer. Our legislation will help to provide these answers and allow American investors to fully participate in digital asset technology without sacrificing consumer protection.”
With the end of the conference, the Senate held a second vote for the abolition of the 2024 Tax Authority base on Div’s brokers, after the Senate and the House of Representatives approved the decision before. The vote was issued with 70 Senate members in favor and 28 against.
Amanda Tominelli, Executive Director of the Divi Education Fund, thanked the two parties who supported the decision, pointing to the negative effects of the Tax Authority’s ruling on the Defi industry.
At the DC Blockchain summit on Wednesday, the Chairman of the Financial Services Committee in the House of Representatives also reported that the revised version of the market structure bill was almost ready, after working from his committee last year.
The draft law, called FIT 21 (financial innovation and technology for the law of the twenty -first century), approved the House of Representatives last year with the support of 71 democrats, including former spokeswoman Nancy Pelosi. Hill plans to issue a revised draft in the next few weeks, after receiving “technical assistance”.
The market structure bill from last year aims to grant the commodity futures trading committee more control over the encryption markets, especially Bitcoin, and to clarify the role of the Supreme Education Council.
Passing the market structure bill is more challenging than Stablecoin’s legislation due to its complexity. When Fit 21 went through the council, she was affected by the opposition to former SEC President Gary Ginsner and President Joe Biden, which led to some compromise. However, now, with a different political scene, these concessions may not be required.
Organizing stablecoin captured
The Senate Banking Committee has recently developed the law of the genius of the two parties, which aims to create a framework to organize Stablecoins and determine when exporters fall under federal or federal oversight.
Some Democrats expressed their fears and asked for changes, but they did not succeed. Meanwhile, in the House of Representatives, the Republicans, led by Representative Brian Steel, submitted a stable law in February to organize Stablecoins.
