Tim Scott says the encryption is here to stay star-news.press/wp

author

Julia Smith

author

Julia Smith

About the author

Extremely experienced Julia with a passion for covering a wide range of rhythms. She loves all political things and regularly covers organizational updates about the emerging technology here for encryption news.

Involve

Last update:

July 9, 2025

Why confidence cryptonews

Cryptonews has covered the subjects of coded currency since 2017, with the aim of providing useful visions to our readers. Journalists and analysts have extensive experience in market analysis and Blockchain technologies. We strive to maintain high editing standards, focusing on realistic accuracy and balanced reports in all fields – from encrypted currencies and Blockchain projects to industry events, products and technological developments. Our continuous presence in the industry reflects our commitment to providing relevant information in the world of advanced digital assets. Read more about Cryptonews

The Chairman of the Senate Banking Committee, Tim Scott, urged his colleagues from the United States to enhance the legislation of the main encryption market structure during a decisive hearing on July 9.

Tim Scott says the encryption will not go anywhere

According to a press statement on Wednesday From the Senate Committee of the United States for Banking, Housing and Urban Affairs, Scott praised the Chamber’s passing of the genius law while doubling the importance of the session to be able to “build this success.”

“Today’s session is the first hearing of a full committee on digital assets.” “This is a decisive step towards developing a comprehensive framework that gives creators the clarity they need and gives investors the protection they deserve.”

He added: “Because do not make mistakes: Blockchain technology and digital assets do not disappear – it is here to stay.” The question that we should ask ourselves is whether the United States will lead to the formation of the future of digital financing, or whether we will allow other countries such as Singapore and the United Arab Emirates to set the standards while American jobs and innovation leave us Beaches. ”

Elizabeth Warren offers a list of her encryption priorities

Entitled “From Wall Street to Web 3: Building the digital assets markets for tomorrow”, the session largely focused on developing the legislation of the Broad Checks market in the United States under the White House friendly for encryption.

Among the witnesses of the heavy encryption policy who witnessed before the Committee of the CEO of Blockchain Summer Mersiner, CEO of Ripple Brad Garlinghouse and CEO of Chainalysis Jonathan Levin.

Senator Elizabeth Warren also revealed the priorities of its encryption market during the session, saying that the United States needs the legislation of encryption “will enhance our financial system, not worse.”

Warren said: “I am concerned that what my Republican colleagues aim is that there is another bulletin in the industry that gives the encryption lobby exactly its list of wishes: the blessing of the government’s approval, along with the weakest coding rules than the rules that every financial representative must follow.”