Sinniah Lomes says that Senators are preparing to provide historical legislation to control digital assets

Senate supporters of encouragement are preparing to introduce prominent legislation this month, aiming to divide the supervision of digital assets between market organizations.

What happenedSen. Sinatia Lomes (R-WYO) said that the Senate is preparing to apply for it for a friend of encryption, Politico I mentioned Tuesday. Republicans in the House of Representatives have already submitted the law of clarity, also known as the market structure bill, which was determined for a separate hearing on Wednesday in the financial services and agriculture committees in the lower chamber.

The proposed legislation aims to divide the supervision of the cryptocurrency between the Securities and Stock Exchange Committee, which is supervised by financial services in the House of Representatives and banking services in the Senate, and the commodity futures trading committee, which is monitored by Congress agricultural committees. Simply put, it will determine whether the cryptocurrency is like Bitcoin BTC/USD and ethereum Eth/USD They are securities or goods.

Lummis confirmed that the Senate version of the draft law will closely reflect the draft law of the House of Representatives. “We want to be one of the two parties and the two,” she said. Speed ​​amendments to the draft law, with the intention of submitting it on the basis of the two parties.

See also: Litecoin enters the era of smart nodes with a new layer chain 2

Why do it matterSenate actively develops rules for digital assets. Last month, the Upper Chamber voted in favor of the progress of the genius law, also known as the Stablecoin Bill, to overcome a major procedural obstacle and pave the way for the final bill. Lomis was confident that the bill would become a law by next week.

This step comes to strengthen these bills in the wake of the growing recognition of the importance of clear organizational policies for the encrypted currency industry. In April, the SEC chair Paul Atkins The most prominent need for these policies to help the industry with prosperity in the United States

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Slip: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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