According to Tim Scott, chairman of the Senate Bank Commission, the US encryption regulations are expected to be confirmed by September 30 after several months of discussion. In a speech at the Capitol Hill Press event, Scott confirmed that it would be completed by the end of September that included both STABLECOINS and extensive Crypto regulations.
Trump’s Time Line Council Reality
President Donald Trump forced to prepare for encryption by August. That doesn’t happen, but Scott’s updated timeline is still faster than expected. A day ago, Senator Cynthia Lummis suggested that the process could be attracted at the end of the year. But during the event, she threw her support after Scott’s deadline, “Yes. You are president. We will do what you want.”
Preparation for genius acts -but the house is still hesitant
The big part of the puzzle is genius. Genius method. The Senate passed it last week, and Scott urged Congressors to quickly track Trump’s desk. Scott said, “The president’s order to immediately move the genius law is the best of the American people.
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The White House encryption advisor, Bo Hines, praised Scott and Lummis for consistent with the administration’s Crypto Vision. But not everyone is synced. French Hill, CEO of the House Financial Services Commission, pointed out that there is still a difference between the Senate’s version and the stable legislation of the House of Representatives. It can delay work.
One obstacle?
Another obstacle is the Agricultural Committee, and the market structure of this bill must be approved. So far, it has not been consistent with the speed of the bank committee, so it is possible to bottle phenomenon.
Nevertheless, if everything is gathered together, the United States can have a complete cryptocurrency framework by the end of September and finally provides clarity that is waiting for the industry.
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FAQ
It is a comprehensive law that is expected until September 30, and is a comprehensive bill to create a federal regulatory framework for the genius law (genius law) and a wide range of encryption markets.
The final framework until September will promote innovation and stability by providing the regulatory clarity necessary for the encryption industry.