Major Crypto Bill Set to Pass Soon, Senate Banking Committee Chair Reveals
Tim Scott, the chairman of the U.S. Senate Banking Committee, has predicted that crypto market-structure legislation could be passed by August.
The comprehensive bill, which addresses the regulatory treatment of digital assets, was originally introduced back in September 2023.
Scott claims that the committee was able to accomplish several milestones during the first 100 days.
The committee passed the GENIUS Act, which is meant to regulate stablecoin payments, in March. Notably, five Democrats joined Republicans to advance the bill. Massachusetts Senator Elizabeth Warren, a notable critic of the cryptocurrency industry, said that the bill could put…
