Republican leaders in the U.S. Senate reach an agreement with the White House on cryptocurrency market law.
According to a source from Crypto in America on June 27, Republican leaders in the U.S. Senate have reached an agreement with the White House to expedite the process of passing bills related to market structure and electronic stablecoins in the form of separate drafts.
The plan to finalize the market law before the end of September.
Mr. Tim Scott, Chairman of the Senate Banking Committee, stated that the priority goal is to complete the cryptocurrency market structure bill before the end of September this year. This move indicates a pressing interest in clearly regulating stablecoin-related regulations, ensuring stability for the DeFi ecosystem.
The White House is committed to speeding up the legislative process.
In addition, the White House also emphasized that it will expedite the legislative process to quickly bring regulations into effect. However, there are still doubts about the likelihood of the bill passing smoothly through the U.S. Senate without facing any legal or political obstacles.
Separating the drafts into smaller bills to facilitate discussion and passage, meeting the urgent need to restructure the cryptocurrency market and manage stablecoin products. This opens up hopes for transparency, investor protection, and promoting the sustainable development of the digital economy.
Source: https://tintucbitcoin.com/quoc-hoi-my-sua-luat-tien-dien-tu/
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