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Chair of the US Senate Banking Committee: Two cryptocurrency bills may be passed in the Senate within 100 days of Trump taking office

Chair of the US Senate Banking Committee: Two cryptocurrency bills may be passed in the Senate within 100 days of Trump taking office

Bitget2025/02/05 06:50

On Tuesday, the White House AI and Cryptocurrency Director David Sacks held his first cryptocurrency-focused press conference, outlining legislative priorities and revealing major steps by the Trump administration to regulate the emerging industry for the first time: a market structure bill and a comprehensive stablecoin bill.

At an event attended by key leaders of the Senate and House of Representatives, Senate Banking Committee Chairman Tim Scott stated that he intends to get these two crucial cryptocurrency bills passed in the Senate before President Trump's first 100 days in office end, which is less than three months from today.

Scott added that a stablecoin bill proposed by Senator Bill Hagerty on Tuesday might be passed first.

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