The priorities of the 119th Congress of the United States include developing a framework for digital assets
On January 15, Fox Business News reporter Eleanor Terrett posted on the X platform that U.S. Senator Tim Scott has just released a list of priorities for the 119th Congress, which includes developing a framework for digital assets. The document it shared reads: "Under the leadership of Chairperson Gensler, the Securities Exchange Commission (SEC) has refused to provide clear guidance for the cryptocurrency industry, which has forced related projects to move overseas. Going forward, the Commission will work to build a regulatory framework that establishes a dedicated path for the trading and custody of digital assets to promote consumer choice, education, and protection, and ensure compliance with any relevant requirements of the Bank Secrecy Act. In addition, the committee will create an open and inclusive environment for new innovative financial technologies and digital asset products that promote financial inclusion, such as stablecoins. "