A genius law passes the house, Tim Scott descends Bill Steplkwin as a teacher star-news.press/wp

Tim Scott praised the House of Representatives on charges of passing the two parties to direct and create the national innovation of the United States Law, which represents a great step forward in organizing American digital assets.

On July 17 statementTim Scott (RS.C.), Chairman of the Senate Banking Committee (RS.C.), called for the legislation that was just approved “a major teacher in securing the leadership of America in innovation of payments”, and confirmed its alignment with the agenda of former President Donald Trump to establish the United States as “the world of encryption in the world.”

The Genius Law, whose sponsorship of Scott and its pill through the Senate, establishes a comprehensive regulatory framework for the payment. The Senate Banking Committee approved in March, with Republican support unanimously and supported by five democratic. The draft law is led by Senator Bill Hajariti (R-ENN) and participates in its sponsorship of Senator Kirsten Gilbrand (DN.Y.), Senteia Loms (R Yu), and Angela Supox (D-MD.).

“For the first time in history, Congress issued legislation of digital origins from the two parties through the Senate and the Council,” Skout said. “Digital assets and Blockchain technology here to stay, and it is time for the past time on our organizational framework to recognize this reality.”

The legislation received support from a wide range of stakeholders in the industry and was subject to approximately 40 amendments before progress. Scott also highlighted the work of the newly created Senate’s sub -committee on digital assets, led by Lummis, in forming the bill.