The U.S. Senate Banking Committee is expected to begin discussing a bill to structure the digital asset market in the second week of January.
This development comes as the US Senate Agriculture Committee is also reviewing its own version of the bill before sending it to the full Senate for a vote, indicating that the legislative process regarding cryptocurrencies is accelerating.
- The U.S. Senate Banking Committee is expected to discuss the bill in the second week of January.
- The U.S. Senate Agriculture Committee is XEM its version of the bill.
- The bill will be presented to the full U.S. Senate for a vote.
The debate process in the US Senate
Members of the U.S. Senate Banking Committee are expected to begin considering a bill to structure the digital asset market in the second week of January.
According to information cited by Cointelegraph , sources indicate that this phase of discussions will pave the way for shaping how the digital asset market is regulated in the US, including market structure rules related to cryptocurrencies.
Placing the bill on the committee agenda is a crucial step before moving on to further rounds of XEM , amendment, and consolidation of views among the parties in the Senate.
The Agriculture Committee and the plenary voting process.
The U.S. Senate Agriculture Committee is reviewing its own version of the market structure bill and plans to present it to the full Senate for a vote.
The information states that two committees, the Banking Committee and the Agriculture Committee, are participating in the XEM , reflecting the possibility that the bill may relate to various areas of oversight in the digital asset market.
After being reviewed at the committee level, the next step is to send the bill to the full U.S. Senate for a vote, deciding the next direction of the regulatory framework for cryptocurrencies.
