BlockBeats News, June 24th, according to an announcement from the U.S. Senate Banking Committee, Senate Banking Committee Chairman Tim Scott, Digital Assets Subcommittee Chair Cynthia Lummis, Senator Bill Hagerty, and Senator Thom Tillis today released a set of principles for drafting comprehensive market structure legislation. These principles will guide Chairman Tim Scott and his colleagues in discussions and negotiations on the bill text with industry participants, legal and academic experts, and government stakeholders.
The Senate Banking Committee stated: "The Senate Banking Committee has led a new approach to digital asset regulation and has delivered results for the industry and the American people. We have more work to do and look forward to advancing market structure legislation in the Senate building on the success of the GENIUS Act. These principles will be a key foundation for the bill's negotiations, hoping to set aside politics and provide much-needed clarity for digital asset regulation."
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