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The chairman of the U.S. Senate Banking Committee plans to initiate a vote on the Crypto Assets market bill next month.
Golden Finance reports that Tim Scott, Chairman of the U.S. Senate Banking Committee, stated on Tuesday that he plans to have the committee vote on the Crypto Assets market structure bill next month.
Scott said: "By the end of this year, which is next month, we believe we can complete the bill revisions in two committees and initiate voting, and submit it to the full Senate for a vote early next year, so that President Trump can sign this bill."
The structure bill for the Crypto Assets market needs to obtain dual approval from the Senate Banking Committee and the Agriculture Committee, as the content of the bill involves both securities regulation and commodity regulation.
Scott stated that the bill will help strengthen the United States' dominant position as "the strongest economy in the world for the next century" while protecting consumer rights. The Republican senator had previously attempted to push the bill through before September this year, but was unsuccessful.
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