Main encryption regulations advance to the floor of the house star-news.press/wp
The encryption regulations come to the US House of Representatives within two weeks. The goal is to finally provide legal clarity of digital assets and Blockchain -based payments in the United States.
Congress member says the main encryption regulations will show digital assets and supervise Stablecoin
While speaking during an interview with the last Fox News, I participated On xThe French Congress member Hill announced that two main projects will be presented on the encryption regulations. The first draft law is the law of clarity. It explains how investors, brokers and businessmen can work in the encryption space.
According to Hill, who heads a major financial services committee, many people are not sure of what is permitted. Currently, there are no clear rules about Blockchain use of payments or the construction of encryption -based companies.
The clarity law is designed to determine the structure of digital asset markets. It will also help protect people from accidental violations of American law. Hill confirmed that these encryption regulations will reduce confusion and provide a way forward for project innovation.
The second draft law (the genius law) aims to regulate the supportive symbols of the dollar. In addition, these symbols, which are essential in financing for encryption, lacks federal control. The new encryption regulations will develop, manage and oversee how StableCoins are released.
Hill says the key to the new bills to keep the encryption innovation in the United States
Congress member believes that this step is necessary to maintain America’s strength in global financing. With the transformation of funding towards Blockchain -based models, effective encryption regulations can help the United States lead digital transition.
He also highlighted that the encryption environment today is stuck in a gray area. Companies do not know what is considered security or any agency to submit a report. Users also face uncertainty about taxes and risks. For this reason, comprehensive encryption regulations are essential.
The Hill Committee worked on these bills for several months, with the aim of reforming these issues. The timing is right to push the new encryption regulations forward, as the demand for clear rules continues to grow.
The developers of encryption and investors have long called on legislative measures. Hill believes that these encryption regulations will prevent projects from moving abroad. Also, the basis for us can form a encryption policy for years to come.
Meanwhile, the US House of Representatives will discuss these two projects in addition to the CBDC anti -monitoring law. This follows the announcement of the encryption week that will start on July 14 and end on July 18.
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Paul Adedoyin is an encryption journalist with more than 4 years of experience that provides timely news, in -depth research, and insightful content to inform and empower his fans. His works appeared in sites like Cryptomode, Cryptonewsflash and others. He holds a certificate in geophysics from OAU, Nigeria. When he does not write, he loves to watch football and read educational magazines. It can be accessed via (e -mail reserve)
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Leave responsibility: The content and the personal views of the author and the current market conditions reflect. Please do your own research before investing in encrypted currencies, because the author and the post is responsible for any financial losses.
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