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New Chairman of the U.S. House Financial Services Committee: A comprehensive cryptocurrency market structure bill will be introduced within the first 100 days of the legislative session.

New Chairman of the U.S. House Financial Services Committee: A comprehensive cryptocurrency market structure bill will be introduced within the first 100 days of the legislative session.

Bitget2024/12/14 22:28
ETH+0.36%

On December 15, the newly appointed chairman of the U.S. House Financial Services Committee, French Hill, stated that the United States urgently needs a cryptocurrency market structure bill. This is a "top priority" for Republicans and plans to propose a comprehensive cryptocurrency market structure bill within the first 100 days of the upcoming legislative session.

The approval of the Market Structure Bill will eliminate regulatory uncertainty that has shrouded the US crypto industry for many years. Legislation supporting cryptocurrencies could pave the way for promoting digital asset innovation in America and preventing offshoring by crypto companies.

French Hill also criticized current regulatory practices under Gary Gensler, Chairman of The U.S Securities and Exchange Commission (SEC). He said: "Under Chairman Gensler's leadership, we have not established traffic rules. We only have law enforcement regulation. This does not help America succeed or promote technological progress, Web3 innovation or blockchain applications in listed companies and financial services."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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