Introduction to the legislation of the encryption market structure

Of some kind, hearings in the market structure in the market in the US House of Representatives were facilitated on the same day in a new legislative debate for the encryption industry, which is the beloved of the Congress subject to Republican control.

A clear structure, both listening sessions had an unambiguous title, “American innovation and the future of digital assets.” Witnesses for Sub -Committee for Financial Services On digital assets, financial technology and artificial intelligence, things started in the morning. A certificate before Agricultural Sub -Committee In the markets of goods, digital assets and rural development used in the afternoon.

Likewise treatment

In his opening statement, President of Dast Johnson (SD-IN) embraced the symmetry.

“Earlier in the day, the sub -committee of the digital assets of the message of the Financial Services Committee held the first hearing on the market structure. This was not a coincidence – we will work alongside the legislation again in this conference. We are united and committed to progress

Board Chairman Brian Steel (Wi-01) He chanted similar feelings.

“It is important for this committee to provide legislation that provide clear guidelines for exporters and participants in the market, facilitate capital formation, and maintain the safety of both the ecosystem of digital assets and the traditional financial system. Through this process, we must ensure that American innovators and businessmen can flourish here at home.”

The mission’s urgency was also reflected in a certificate Tiffany J. Smith, Partchchain & Cryptocurrency in Wilmeerhale.

“While the Securities and Stock Exchange Committee has taken steps within its jurisdiction to provide organizational clarity, these measures alone are not sufficient. I think that the action of Congress is necessary to have a real organizational clarity for the digital asset industry. In fact, the current lack of organizational clarity to both the original and traditional financial services companies.”

introduction

The day of encryption was already on April 9 on Capitol Hill. But Wooing actually started last month when the representatives of the United States Tom Emmer (MN-06) and Darren Soto (FL-09) brought back the law of clarity of securities from the two parties. Lawyers described the bill in press releaseWhich also included glowing data from industry leaders.

“Our legislation will help to provide these answers and allow American investors to fully participate in digital asset technology without sacrificing consumers.”

“The draft law will add this definition and the jurisdiction to create the certainty of the strong digital asset market in the United States-an important step in increasing the capabilities of the virtual currencies of the American economy while protecting customers and financial well-being of investors.”

Bill scatter hanging

The Financial Services Committee in the House of Representatives is scheduled to start circulating the language of the market structure in the coming days. In the other room, the Senate Banking Committee is expected to follow.

Last spring, financial innovation and technology of the law of the twenty -first century (Fit21) at the American home with the support of both parties. During the past few months, Crypto groups and companies have published major principles to help inform the road bases.

Perhaps this is the elaborate teaching of the market structure legislation, while the deliberations of A. Stablecoin package He still plays, it is wise if Congress is serious about the noble goal of presenting the two procedures to the President’s office by August. Talk, more than 13 hours of coding marathon It may be an indication of transparency and accountability from Stablecoin to have a real hope in the economy in the Professor’s book (Stable) that there is a longer summary of the two parties if there is a real hope in the rapidly awaited policy and the organizational framework.