Speaking during an audience, the American secretary of the Treasury, Scott Bessent, exploited the party line by suggesting support for two bills linked to the crypto which move through the congress.
Bessente tackled Legislators during a May 7 hearing of the Chamber’s Financial Services Committee, saying that the United States should be the “leading destination for digital assets” in response to a question on American domination on China in innovation linked to crypto. The secretary of the Treasury added that the “good market structure” and “legislation on stablescoin” could help guarantee this result.
Bessent’s remarks have echoed those of other Republican legislators and President Donald Trump, who initially said that he wanted to make the United States the “cryptographic world capital” during his campaign in 2024. The secretary of the Treasury probably referred to the bill of a bill on the structure of the digital assets market published by the Republicans of the Chamber on May 6 and Regulate the Stablecoins, which should be rejected for a vote in the Senate on May 8.
The Treasury Secretary, a Trump candidate, supported the president for important announcements in cryptocurrency policy, including an executive decree to establish a sovereign wealth fund and as a member of a working group to explore federal regulations for staboins and a stock of national cryptography. He suggested during a confirmation hearing that he would oppose the creation of any digital currency of the Central Bank issued by the United States during his mandate.
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Democrats repel Crypto bills in the middle of the same controversy of the same
Before he even announced that he intended to hold an exclusive dinner and a VIP visit to some of his best holders of the same, Trump was examined many legislators for allegations of conflicts of interest surrounding his cryptographic companies. However, the announcement of dinner seemed to galvanize certain Democrats against any legislation linked to cryptography.
The representative Maxine Waters, classification member of the House Financial Services Committee, led a raising of an audience concerning the bill on the structure of the cryptographic market written by the republican on May 6, citing the need to explore “the cryptographic corruption of Trump”. A group of nine democrats in the Senate also said that they will not support the draft law on its current genius, suggesting a strong fight against money laundering, a foreign transmitter and national security guarantees.
It is not clear at the time of the publication of whether the Republicans, who control the two chambers, will always have the votes to adopt one or the other bill.
https://www.youtube.com/watch?v=VKC5QCRVDC0
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