🇺🇸 Senator Tim Scott: The cryptocurrency market law will be adopted by August.
The head of the Senate Banking Committee stated that Congress will approve two key laws by August:
On the structure of the cryptocurrency market — will determine who and how regulates exchanges, tokens, and platforms (SEC or CFTC).
On stablecoins (GENIUS Act) — will establish rules for the issuance of dollar-backed cryptocurrencies.
Scott emphasized that first it is necessary to "let innovations develop," and then regulate. Currently, the bills are supported by both Republicans and Democrats.