Senate Banking Committee Sets Out Plan For Crypto Market Rules
The Senate Banking Committee on Tuesday launched a new set of concepts aimed at directing the development of thorough crypto market legislation. ‘As Congress thinks about a regulatory framework for digital assets, our top concern must be offering legal …
Those concepts, spearheaded by Senate Banking Chairman Tim Scott (R-SC), Subcommittee on Digital Assets Chair Cynthia Lummis (R-WY), and Senators Tillis and Bill Hagerty (R-TN), highlight plainly defining the legal status of digital assets, marking regulative jurisdiction, and updating oversight to support responsible development. It likewise follows current momentum behind the Digital Property Market Clarity Act, which would eliminate the SEC’s oversight of the crypto market in favor of the Product Futures Trading Commission. Pulte, a crypto fan because 2019 and current Trump appointee, revealed significant digital possession holdings earlier this year.
Those principles, led by Senate Banking Chairman Tim Scott (R-SC), Subcommittee on Digital Assets Chair Cynthia Lummis (R-WY), and Senators Tillis and Expense Hagerty (R-TN), highlight clearly specifying the legal status of digital assets, marking regulatory jurisdiction, and updating oversight to support accountable development. It also follows current momentum behind the Digital Property Market Clearness Act, which would eliminate the SEC’s oversight of the crypto market in favor of the Product Futures Trading Commission. Pulte, a crypto supporter since 2019 and recent Trump appointee, revealed considerable digital possession holdings previously this year.
