US Senate Banking Committee Chairman-elect: Cryptocurrency is the world's "next miracle"

Odaily Odaily News: Tim Scott, the incoming Republican chairman of the U.S. Senate Banking Committee, said in a speech at the Blockchain Association Policy Summit: "In my opinion, cryptocurrency is the next miracle of the world." Tim Scott promised that his group will have a cryptocurrency branch and will serve as the chairman of the Digital Assets Subcommittee for the first time. Tim Scott said that both houses of Congress and the administration of President-elect Donald Trump will work in the same direction to promote legislation. Two starting points will be the 21st Century Financial Innovation and Technology Act (FIT21) - the bill aimed at establishing comprehensive crypto market guardrails, which was passed by the House of Representatives with a large bipartisan advantage this year - and a stablecoin bill that is close to reaching a bipartisan agreement but has stalled due to some sticking points on the role of federal and state governments.