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About a week after the US Senate voted for approval of the brilliant law on the regulation of payment stablecoins, the chamber moves to discuss the way forward for the structure of the digital assets market.
Tuesday will be legislators in the sub -Digital Asset of Banking Committee Senate hear From Coinbase and Multicoin lawyers, as part of an effort to establish “Bipartisan legislative frames for the structure of digital assets”.
Hearing will include the testimony of Coinbase vice -president for the legal council of Ryan Vangack, General Advisor Multicoin Capital, Executive Director of Pennsylvania Wharton, Sarah Hammer.
Hearing will be one of the first consequences of the Senate on the Legal Regulations on Digital Property Submission of a brilliant law 17th June in voting 68 to 30. The bill moved to the House of Representatives for discussion, proposed changes and possible voting on the floor.
While the Senate is considering a bipartisan solution for the market crypto structure, the house is already moving forward with its own legislation. At the beginning of this month, the House Agriculture Committee and the House Financial Services Committee voted for progress Clarity of the Digital Asset market or the Clarity Act. The bill will soon be aimed at voting on the floor.
Related: The Senate releases a genius Stablecoin Bill in the middle of a systemic risk
It is not clear whether the Senate will present its own version of the Act on the Clarity of the Chamber of Deputies, which would deal with the structure of the crypto market in the form of an accompanying law or the integration of the aspects of the Act on the Chamber of Deputies. Cointlegraph was addressed by Senator Cynthia Lummis, chairwoman of the subcommittee of digital assets, to comment on hearing, but did not receive an answer at the time of publication.
Trump’s crypt’s ties still under control
The combined, Stablecoin Bill law and the market structure law could deal with many regulatory issues that the leaders in the cryptometer criticized about the US. However, the legislation still faces a pushback from many democrats In Congress, questioning, as US President Donald Trump and his family could personally benefit from the handover of accounts, given their links to industry through MEMECOINS, World Liberty Financial Platform and Political Gifts from Digital Aion Managers.
Trump said on Wednesday that he would be signed by the law on the genius with “without adding ons” if the house should go through quickly. However, it is not clear whether the digital assets for the President will be a priority because they face checking to order strikes in Iran without congress consent at the weekend.
Magazine: Crypto wanted to overthrow banks, now it happens in the fight Stablecoin
