Developing a digital asset framework among the priorities of the 119th U.S. Congress

Reprinted from panewslab

01/15/2025·20days ago

PANews reported on January 15 that Fox Business News reporter Eleanor Terrett posted on the X platform that U.S. Senator Tim Scott had just announced a list of priorities for the 119th Congress, including the development of a digital asset framework. The document it shared reads: “Under Chairman Gensler’s leadership, the U.S. Securities and Exchange Commission (SEC) has refused to provide clear guidance for the cryptocurrency industry, which has forced related projects to move overseas. Going forward, the Commission will work to build a regulatory framework , establish a dedicated path for the trading and custody of digital assets to promote consumer choice, education and protection, and ensure compliance with any relevant requirements of the Bank Secrecy Act. In addition, the Commission will also promote financial inclusion for stablecoins and others. Create an open and inclusive environment for new innovative financial technologies and digital asset products.”