Senator Lomes says that the legal framework for encryption should pass soon star-news.press/wp

Since the U.S. upper chamber of the US Congress is preparing to copy it from the framework of the market structure, Republican Senate Sentea Lomes recently told CNBC that it hopes that the Senate and the House of Representatives can find a way to pass the bills that move across Congress.

The Senate calls the principles of the encryption market structure

Discussion High The need to quickly pass encryption legislation. Over the past few weeks, the Senate Banking Committee is working on the principles of the market structure legislation, as it was the first relevant hearing on Tuesday.

During the hearing, led by Senator Lomes, the Senate Banking Committee listened to “loudly and clearly that the United States needs to pass the market structure now”, and Leomis explained, adding that one of their witnesses confirmed that the legislation needs to be approved “yesterday.”

The Republican Senator explained that without a framework, companies were organized by the Securities and Exchange Committee (SEC), which led to the “enforcement regulation” approach to the previous administration. This encryption companies cost millions of dollars in lawyers, and did not provide any certainty about the future.

Lummis also detailed that they are “just setting a framework for principles” that can be followed, while clarifying the details about the legislation. It is worth noting that the Senate Banking Committee issued the principles of the market structure, separating the draft discussion on the draft law on Tuesday.

The document, signed by Senator Lomis, Tom Teles, Bill Hajri, and the Chairman of the Committee, Tim Scott, shows six basic principles for the next Tasfir project. The list stated that legislation must clearly define the legal status of digital assets, provide the ability to predict, enhanced legal accuracy, and organizational certainty.

Senate Banking Committee's Crypto Market Structure Principles. Source: Eleanor Terret on X

In addition, the judicial jurisdiction between the organizers must be appointed, with the organizational authority clearly allocated in the statute to prevent a “comprehensive organization from youngsters”.

Principles also indicate that the organization should be updated to enhance innovation while protecting investors and merchants, adding that federal financial organizers should welcome responsible innovation.

Journalist Elianor warnings open These early comments from the members of the decentralized financing community (Defi) “indicate that the principles of the market structure in the Senate have received well.”

The House of Representatives to vote for the genius package?

Senator Lomis also discussed the future of the direction and creation of the national innovation of the United States Law (Genius), which achieved a full vote on the 68th and 30th floor last week and was received by the House of Representatives on Monday.

She participated in her hope that both Congressing rooms can work together in order to “discover a path forward” for the law of clarity of the digital assets market (clarity) and the law of the genius, adding, “I do not say it brings them together, but they need to pass this year.”

However, the efforts of the Senate between the two parties to obtain the draft law to the office of US President Donald Trump could have hit a wall in the lower room, as it is said that members of the House of Representatives are pushing to pack encryption bills together.

As stated in Bitcoinist, some legislators consider that merging the two projects increases the possibility of clearing the parliament before the deadline in early August.

In a statement on Tuesday to Punchbowl News, the majority of Tom Amir’s whip Assure The council will vote on the draft law centered on it if the legislation is combined with the market structure bill.

“I expect the genius to have a road at home, as long as he is accompanied by clarity,” Emir said.

Meanwhile, journalist Emily Wilkins I mentioned The majority leader in the House of Representatives, Steve Skalez, said that no decision has been taken on whether the House of Representatives should vote on its version of the Stablecoin bill, stable law or Senate version, as President Trump suggested.

However, Scalise gave “some weight to Hill’s plan to do both stablecoin and the market structure at the same time, saying it is what the encryption industry wants.”

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