American lawmakers accelerate the finalization of cryptocurrency regulations before September

American lawmakers are rushing to finalize groundbreaking cryptocurrency legislation before September, in order to strengthen the position of America as a global leader in digital asset innovation.

Lawmakers unveil legislative priorities to establish America's leadership position in cryptocurrency

American lawmakers are establishing a clear tone to assert leadership in the field of digital assets, with the goal of enacting regulations that reinforce America as the global center for innovation in cryptocurrency. On June 26, Senate Banking Committee Chairman Tim Scott (R-SC) joined Digital Assets Subcommittee Chair Cynthia Lummis (R-WY) and Bo Hines, Executive Director of the President's Advisory Council on Digital Assets, to outline legislative priorities for the sector. Speaking in Washington D.C., Mr. Scott stated:

"America is opening up for business. We will become the cryptocurrency capital of the world – there is no doubt about it – that is our goal. We will achieve this goal. I believe this is the fastest path to America’s economic dominance, and there is no other way to achieve it."

"This will last forever... anyone who doubts this is mistaken. Therefore, we need to ensure that we will do everything necessary to become the center of innovation in the world," he added.

The senator emphasized that clarity in regulations is a key factor in ensuring this leadership role. "There can be no hesitation in acting on market structure... certainty and predictability are the pathways to success in any enterprise," he explained, while criticizing the Biden administration for undermining this principle.

Mr. Scott has set a hard deadline of September 30 to finalize the market structure legislation, reflecting his belief in swift bipartisan legislative progress. "I have been very clear that I believe the President's directive to immediately transfer the GENIUS Act to his desk is in the best interest of the people of America, and there needs to be a timeline for completing the market structure before September 30," he emphasized, adding that:

"I believe that we can accomplish both of these things in a timely manner, and that is why I have committed to a deadline by which we will achieve."

Mr. Giáo