Jackson Hole, Wyo. – The American senator Tim Scott, president of the Senate Banking Committee, anticipates that up to 18 Democrats can vote in favor of the Senate response to the Clarity Law of the Digital Assets market.
“I think we will have between 12 and 18 Democrats at least open to vote for the structure of the market,” Scott said on stage at the Salt Conference in Jackson Hole, Wyoming on Tuesday.
“The forces against them, allow me to say clearly, as Senator Elizabeth Warren, on the path of Democrats who wish to participate, is a real force to overcome,” he said.
While the Congress approved, and the president of the United States, Donald Trump, signed, the genius law, which is covered by Stablecoins, is the legislation of the market structure that the industry really anticipates. Whatever the market structure legislation, the legislation finally becomes the law will issue how the stock exchange and values commission (SECOND) and Basic Products Trade Commission (CFTC) It will supervise digital assets in the United States, including spot cryptography markets.
The legislation is expected to end before the end of September, Scott previously said to the former Crypto Advisor of the White House, Bo Hines.
The Senate Banking Committee presented a draft discussion law in July presenting how the stock exchange and values commission (SECOND) It should supervise digital assets after the Chamber voted to advance its clarity law the previous week. The Senate Agriculture Committee, which also needs to support this legislation, has not yet published any discussion draft.
Both bills will need contributions from the Democratic Party, since at least 60 votes are required for the bill to advance in the Senate. In addition, the Chamber and the Senate must vote on the same bill or reconcile the differences between their bills. The discussion drafts of the Senate Banking Committee have abruptly diverted the Chamber Clarity Law.
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