Senator Tim Scott, Chairman of the American Senate Committee for Banking, Housing and Urban Affairs, said that he expects the draft law of the Chevir Market by August 2025.
The President also indicated the progress of the Senate Banking Committee to the Genius Law, a comprehensive organizational bill for Stablecoin in March 2025, as evidence that the committee gives priority to the encryption policy. in statement To Fox News, Scott said:
“We must invent before the organization – allow innovation in the area of digital assets to happen here at home is crucial to American economic domination around the world.”
The danger of Scott Time for a Crypto Market Struction is lined with expectations from Kristin Smith, CEO of the Blockchain Complecty Crypto Group, from the market structure and Stablecoin legislation that is approved by August.
The Trump administration has confirmed that comprehensive encryption regulations are essential to its plans to protect the value of the US dollar and establish the country as a global pioneer in digital assets by attracting investment in encryption companies in the United States.
Senator Tim Scott highlights the goals of the Senate Banking Committee and its achievements in 2025. Source: Fox News
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Supporting comprehensive encryption regulations is the two parties
American lawmakers and officials expect clearly encoding policies and signing them in 2025 with the support of Congress from both parties.
Speaking at the summit of digital assets in New York City, on March 18, Democratic Representative Ro Khanna said he expected both the market structure and Stablecoin bills this year.
The democratic legislator added that there are about 70-80 other party actors who realize the importance of passing the clear digital assets in the United States.
Treasury Secretary Scott Bessin, in the left photo, President Donald Trump at the center, and Crypto Czar David Sacks, in the right picture, at the Crypto Cyto summit. source: White House
Khanna confirmed that his colleagues support the intended dollar due to the role of the distinctive symbols of the dollar in expanding the demand for the US dollar around the world over the Internet.
Bo Heins, CEO of the Chairman’s Council of Advisors, also spoke about digital assets, at the conference and expected that Stablecoin legislation will be transferred to the law within 60 days.
Heinz highlighted that the establishment of the dominance of the United States in the area of digital assets is a goal that carries wide support from the two parties in Washington, DC.
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