Jackson Hole, Wyo. – US Senator Cynthia Lummis (R-WYO.) said that a final draft of crypto -market structure will be presented to US President Donald Trump before Thanksgiving – especially a while after late. Tim Scott’s earlier September 30 -deadline.
“We want it on the president’s desk before Thanksgiving,” said Lummis during a conversation at the SALT conference in Jackson Hole, Wyoming on Wednesday. She previously said she expected the legislation to be carried out by the end of 2025.
The Senate Bank Committee plans to have the bill passed at the end of September and expect the Senate Agricultural Committee, which oversees the Commodity Futures Trading Commission (CFTC) Having looked at it in late October before it is transferred to President Trump, she said.
“We want market structure at the end of the year,” said Lummis.
US Senator Tim Scott, the chairman of the Senate Bank Committee, said on Tuesday that he expects up to 18 Democrats to vote for the Senate’s response to Parliament’s Digital Asset Market Clarity Act.
The bill is one of the most important legislation as far as the crypto industry goes as it will define how Securities and Exchange Commission (SEK) and Commodity Futures Trading Commission (CFTC) will oversee the market ..
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