PANews reported on January 15 that Fox Business reporter Eleanor Terrett posted on the X platform that U.S. Senator Tim Scott has just released a list of priorities for the 119th Congress, which includes the development of a digital asset framework. The document he shared reads: "Under Chairman Gensler's leadership, the U.S. Securities and Exchange Commission (SEC) refused to provide clear guidance to the cryptocurrency industry, forcing related projects to turn overseas. Looking ahead, the commission will work to build a regulatory framework that will 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 create an open and inclusive environment for new innovative financial technologies and digital asset products that promote financial inclusion, such as stablecoins."
Developing a digital asset framework is among the priorities of the 119th U.S. Congress
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