“The Senate and House are sending mixed messages on the most Important Crypto Legislation Awaited by the Industry, with A New Senate Deadline Set.”, – WRITE: www.coindesk.com
At a thursday press event in his committee’s hearing room, Scott told Told Trump Crypto Adviser Bo Hines that the New Deadline is Posible for the Legislation, an Expressed Agreement With. Should Also Quickly Sign Off on the Stablecoin Bill The Senate Passed Last Week.
Scott, Whose Committee Recently Shared Somee Guidelines for How Some Senior Republicans Want the Markets Regulations to Look, Said He Intends a Timeline “Seeing Market THINK THAT IS A REALIC EXPERATION. ”
To that, Senator cynthia lummis, who heads the digital assets subcomcommitte focused on that work, said, “YES, SIR. YOU’RE.
Meanwhile, Top House Lawmakers Have Been Hesitant to Annune Their Own Strategy for the Two Related Bills on Crypto Market Structure and Stablecoins. The House Had Been in the Lead on the Former Issue, With It Digital Asset Market Clarity Act Having Cleed the Necessary Committees on Its Way Toward the House Floor. But Represent French Hill, The Chairman of the House Financial Services Committe that’s Leading the Charge, Declined to Reveal Welher the House Will Move on the Senate’s Guiding And Estaba. Stablecoins (Genius) ACT.
Hill Signaled This Week That Hay Thinks Some Issues Need to Be Worked Out Between the Genius Act and the House’s Own Stablecoin Legism Short-Term Deadlines The Senate Has in Mind.
Senator Lummis Had Only the Day Before Said at A Washington Event That She Predicted All The Crypto Legislation would be completed by the end of the year. That suggested a Window Going Much Later Than President Trump’s Wish of Finishing by the August Congressional Break. But Even Scott’s Sept. 30 Timeline Goes Longer Than Trump Requested.
One Potential Hindrance to A Quick Process Is ImmediaTely Apparent: There’s No Matching Sense from The Senate Agriculture Committee, Which Needs To Also Weight in. SO FAR, The Banking Committee Has Been Leading The Charge On Market Structure, But It Can’t Approve the Bill On It Own, and Lummis Acknowedred Concen. Committee.
For his part, The White House’s Hines Sayid the president of the House the House Simplay Signing Off On The Stablecoin Bill The Senate Approved, Without Further Work on It, Ande Praized The Time, and Heth The Time, and Hee praged The Time, and Hee praged The Time, and Hee praged The Time, and Heth. Adding, “I Think Is Very Clear You Both Understand What’s HapPening.”
In a response to a coindesk quest on work with the House, Scott Said the Two Chambers Are “One Team.”
“I’ve been Veri Clear That I Think The President’s Mandate of Moving Genius Act ImMediaTely to His Desk Is In The Best Interest of The American People Matter, and that is whoh i’ve committed to a deadline. ”
He Said the House’s Market Structure Bill, The Clarity Act, Is A “Strong Template for Us to Move Forward on.”
Read More: Leading Crypto Senator Sees End of Year As US Legislation Target
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