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The Bill of the Crypting Market Bill may face a “long path forward” as the Senate is different from the clarity law that was passed at home. Will Congress pass by September?
The most widespread Encryption The structure frame can take a little longer than expected, with recent updates in the US Senate.
according to Jake CherfinskyThe Legal Chair of the Changing Fund, which focuses on encryption, has the Senate “Different Ideas” in the draft law of the market structure compared to the clarity law approved by the House of Representatives last week.
“It does not happen clearly. The Senate has its own ideas about the market structure, and until now, it is completely different.”
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He added that most people assumed that the clarity law will pass smoothly in the Senate, such as the Stablecoin Bill, The verb of the genius, I did at home.
According to him, this may not be the case, and delay It may be possible.
The Senate is different from the House of Representatives on the main encryption bill
On July 22, the American Senate Committee for Banking, Housing and Urban Affairs issued a draft proposal for a broader regulatory framework targeting digital assets.
While it derives from the elements of the law of clarity adopted from the home, experts have highlighted significant differences between the two rituals.
It is worth noting that the Senate draft offers a new class for assets-“assistance” symbols-which gives exporters to self-start.
The Senate proposal project expands the supervision of SEC and limits the annual donation collection through the first currency offers (ICOS) to $ 75 million.
This is unlike the law of clarity at home, which allows wider exemptions to collect donations and puts the regulatory authority primarily with CFTC, which reduces the role of the Supreme Education Council.
Jake Cherfinski, a politician expert, described the Senate as an indication of a “long -forward road” towards passing a draft law on a unified encryption market.
Meanwhile, the Blockchain company TRM LABS indicated two major two major measures to combat money laundering (AML) and a stronger focus on partnerships between the public and private sectors.
According to the company, the next step will be to collect interest holders before the draft law is officially submitted.
But TRM Labs noticed that listening and discrimination sessions could occur this summer or extend to the fall, Adding Which – which,
“If the draft law progresses, legislators will need the conference with the House of Representatives to reconcile the differences between the draft of the Senate and the Law of Clear.”
However, the Agricultural Senate Agricultural Committee is expected to issue a draft discussion in September, male Correspondent Elianor Territ, quoting people familiar with the matter.
In general, the White House Expected The market structure bill that must be done and submitted to President Donald Trump by the end of September. It remains to see whether this deadline will be fulfilled.
