With the continued organizational scene in the United States continued to develop positively – A decrease in enforcement procedures From the Securities and Stock Exchange Committee (SEC) – Congress makers intensify their efforts to pass decisive legislation that supports the growth of digital assets.
This week, many major developments have been appointed to form the future of encryption organization, as shown by Ron Hammond, Director of Government Relations and Institutional Participation at the Blockchain Association.
Congress resumes encryption concentration
In a conversation Social media update On the x (previously Twitter) platform, Hammond highlighted the ongoing work in Congress, saying: “Congress has returned and grinding continues with the main listening sessions for nomination and progress in Stablecoin legislation.”
Hammond stressed that although Stablecoin is one of the most clear priorities for Congress, the big challenges remain before any legislation.
The most urgent event this week, which was highlighted by the director of Blockchain Associain, is the nomination session to be held on Thursday, during which the Senate Banking Committee will consider many pivotal dates.
Paul Atkins for SEC Chair, Jonathan Gold to lead the Currency Observer Office (OCC), and Luke Peettit as Assistant Secretary of Financial Institutions, three of the most The main appointments It is expected to have a positive effect on encryption.
Although the Supreme Education Council lacks a certain chair, it was active in various court cases and hosts its first digital asset depots at all, led by President Mark Oida, a supporter of the Arabs who were distinguished by opposing the organization’s previous organization’s approach.
Hammond suggests that the discussions he leads SEC’s work band Parallel to the ongoing conversations in Congress, especially with regard to the market structure, which have significant effects on the future of the encryption market.
Congress is close to putting the finishing touches on a draft law for presidential approval
Hammond also indicated the importance of Stablecoins in the current legislative agenda. It indicates that the Senate Banking Committee was slow to vote on legislation, but when they do so, the results usually carry weight.
The most prominent director highlighted the last major bill that received a vote that was a draft regulatory relief law in 2017, and the current Stablecoin discussion He received more support than this bill, which increased the possibility of obtaining official approval.
The next step for the Stablecoin legislation is to vote before the entire Senate, while the House of Representatives is also preparing to address its Stablecoin bill, with the expectation of a vote next week. Ultimately, both projects will need to reconcile them, which paves the way for a more comprehensive organizational framework.
Interestingly, Hammond emphasized that if things go as planned, the final Stablecoin bill may be on its way to President Donald Trump’s office early this summer.
Once Stablecoin is created, Hammond notes that Congress will turn his attention into more complicated issues related to Market structureIt is a process that is expected to take much longer.
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