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US Banking Committee Chairman: New Law Makes America the Crypto Capital of the World

The Chairman of the US Senate Banking Committee, Tim Scott, has officially pushed for new digital asset market structure legislation to establish clear rules of the game for the industry. This step was taken to protect consumers while ensuring that technological innovation continues to develop domestically without being hampered by regulatory uncertainty.

This legislative initiative has the ambitious goal of solidifying the United States' position as the world's crypto capital. Its primary focus is on creating a new generation of jobs on American soil and preventing this technology from being exploited by criminals or foreign adversaries to undermine the stability of the national financial system.

"This legislation is about making America the world's crypto capital, so the next generation of jobs and innovation are built here, not abroad," Tim Scott emphasized. He assured that the clear rules will give entrepreneurs the confidence to start businesses and hire workers locally.

This effort is outlined in the framework of the bipartisan-drafted "The Responsible Financial Innovation Act of 2026." The bill would specifically differentiate between the classification of digital assets as securities or commodities, providing legal certainty that has been a major obstacle to blockchain adoption and industry growth in the US.

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Видео US Banking Committee Chairman: New Law Makes America the Crypto Capital of the World канала Alpa Omega News
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