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Wyoming Senator Cynthia Lummis said she expects Congress to pass two pieces of cryptological legislation related to stablecoins and the market structure “before the end of this calendar year”.
Wednesday at the Summit Bitcoin Policy Summit in Washington, DC, Lummis discussed Progress on the market with digital assets or the Clarity Act in the House of Representatives and leadership and the determination of national innovation for American Stablecoins or the Brilliant Act, the Genius Act.
Lummis said it would be “extremely disappointed” if both accounts were going through Congress until 2026.
Lummis chairs the Subcommittee on the Senate of the Senate of the Senate, which arranged hearing On Tuesday, it discusses the laws of crypto structure. The Wyoming Senator acknowledged calls to gain bipartisan support for any crypto related accounts about “concerns that some people who have family members will be somehow advantageous in what we do”.
“I do not want to come up with the legislation that the other party of the alley believes that it did not have sufficient entry on Tuesday hearing,” Lummis said.
While some Democrats with Republicans like Lummis voted for crypto accounts, including the brilliant law – 18 democrats were 68 votes “yes” for legislation on June 17 – others suggested that they suggested them does not support any legislation Without calling for the involvement of US President Donald Trump in a crypto space and possible consequences for personal profit.
The President has issued his own line of memoins, has a stake in his family supported by the world’s World Liberty World Liberty, and received political gifts from the executives of digital assets.
Related: As Stablecoin Bill heads to the house, the Senate moves to the market structure
Battle of handing over the crypt of accounts in the house
Lummis’ goal for both accounts to be prepared by 2026, proposed a later timeline than what Bo Hines, Executive Director of the Presidential Council of Digital Assets Advisors, said in May.
Hins speculated that genius act It could be prepared before the congress niche in August. Trump said on June 18th that he would be willing to sign an account With “without accessories” from the house if he should pass quickly.
Since the Republicans have a slim majority in the house, both the market structure and stablecoins, they would probably need at least some democratic support.
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