A group of Democratic Senators of the US Congress has reported its intention to work with the Republicans on the progression of the legislation to establish a framework for the structure of the digital asset market.
In a declaration of Friday, 12 democrats, including members of the senatorial committee of banks and the senatorial committee of agriculture, issuing A declaration before a vote expected on a bill on the structure of the cryptographic market pushed by the Republican Directorate.
“We hope that our Republican colleagues will accept a process of bipartite paternity, as is the standard for the legislation of this scale,” the statement said. “Given our common interest in going quickly on this issue, we hope they will accept reasonable requests to allow real collaboration.”
Although the Republicans have a majority in the two chambers of Congress, they may still need democratic support to adopt legislation.
Among the “seven key pillars” proposed by the Democrats for a bill on the structure of the market published about two weeks ago were protections to fight against illegal finance And “fill the gap in the cash market” of digital assets not considered as titles.
They also asked the Republicans to support “prevention of corruption and abuse” and illicit finances.
A better democrat of the banking committee, the Senator of the Massachusetts, Elizabeth Warren, did not sign on the declaration with the other legislators. Warren gave an interview During the recess of August, in which she declared that if digital assets require regulation, it would not support the legislation “written by the cryptographic industry”.
Republicans who seek to pass the structure of the market by 2026
Last week, several managers of the cryptocurrency industry, including CEO of Coinbase, Brian Armstrong, met republican legislators Discuss a way to follow for bills linked to crypto in the congress.
Although the House of Representatives of the United States adopted its version of the market structure under the Clarity Act in July, the Senate Republicans reported that they would be based on legislation to write a different bill.
https://www.youtube.com/watch?v=ry9mi57pbjs
This bill, provisionally called the responsible financial innovation law, is expected to be voted in the senatorial banking committee by the end of September, according to Wyoming senator Cynthia Lummis. Republicans Expect the invoice To be considered by banking and agricultural committees before heading to a ground vote by the end of the year.
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