U.S. Cryptocurrency Market Structure Bill: A Crucial Week Ahead

On January 9th, Chairman Tim Scott of the U.S. Senate Banking Committee officially announced that the amendment review of the comprehensive cryptocurrency market structure bill will take place on January 15th, according to a statement released by the committee.

In the statement, Chairman Scott emphasized the goal of making the U.S. a hub for cryptocurrencies. He explained that by establishing clear rules, entrepreneurs will be confident to start businesses, create jobs, and grow in the U.S.

According to a journalist from Decrypt, staff from the Senate Banking Committee have held teleconferences with cryptocurrency industry leaders, and bipartisan support has been garnered for proposed changes to the regulation of stablecoin yields by traditional financial institutions. Alsubrooks...