๐บ๐ธ NEW: The Chairman of the Banking Committee in the Senate Sets a Deadline for Passing the Crypto Market Regulation Law!
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๐๏ธ Senator Tim Scott
Set September 30 as the final deadline to pass the bill to structure the digital currency market within the U.S. Senate.
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๐ Bill Details:
โ Aims to establish a comprehensive regulatory framework for digital currencies and crypto assets
โ Seeks to define the powers of regulatory bodies such as the SEC and CFTC
โ Includes clear rules for the operation of platforms, wallets, and tokens in the U.S. market
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โ๏ธ Why Does This Matter?
โ The bill could end the legal ambiguity that the industry suffers from
โ It may open the door for more institutions to enter with confidence
โ It is seen as a pivotal step in integrating crypto into the official U.S. financial system
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โDo you expect Congress to successfully pass the law before the end of the third quarter?
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