Trump’s encrypted relationships in the foreground, where American lawmakers weigh the draft encryption market law
Republicans in the US House of Representatives are advancing in legislation to create regulations for the American encryption markets, which explains this effort in sessions of hearings on Wednesday, but the Democrats insist that the complex draft law adapts, admires and fails to address a major complaint: their accusations that President Donald Trump is working in coding.
the Financial Services Committee in the House of Representatives and Parliament Agriculture Committee Both of them studied the changes stipulated in the law of clarity of the digital assets market, with witnesses in the Finance Committee, including two former chairmans of the Futures Trading Committee for Basic Commodities and former Chairman of the Securities and Exchange Committee.
Republican lawmakers praised the draft law as an urgently required answer, which is long awaited on all those who despair of the digital assets industry for clear rules and also to fears that encryption innovations will continue to flee abroad if the United States fails to match the organizational work that was transferred forward in other judicial aspects, including in Europe and Asia.
“This is the future, and it is better to collect our work,” said actor Bill Huzenga. Vice President From the Financial Services Committee in the House of Representatives, which has argued that the current situation provides consumers zero protection.
Evidence projects have been erased in both the House of Representatives and the US Senate in this and the previous congressional session Multiple voting tests To show great support from the two parties. However, Democratic lawmakers who were among these voices suggested yes in the committees and on the grounds of the House of Representatives and the elderly that the potential interests that were clarified in the commercial interests of President Donald Trump’s personal encryption should be represented in maintaining this support.
Actor Jim Hess, a democratic of Connecticut, who was once a banker at Goldman Sachs Group Goldman Sachs, said he was in this category.
“The way to deal with Trump’s things is to ensure that this is a draft law-literally-protection from platinum consumers,” said he said, “The way to deal with Trump’s things is to ensure that this is a draft law-literally-protection from platinum consumers,” citing the money laundering restrictions as well as a language that opposes interests for public officials. “I will not vote yes on this thing what he did not.”
Democrats they have Trump publicly accused corruption In his treatment of encryption, which is said to be his family, they collect millions of profits and fees from this industry – including unknown foreign investors – where the federal government discusses how to organize those same activities in which Trump participates.
Almost all Republicans in the Financial Services Committee have maintained a distance of the main complaints of Democrats, with Trump’s name only when praising his administration for the encryption support. Then the actor Andy Bar jumped from Kentucky to the battle directly, which led to “accusing the Democrats indifferently and this is the unrequious attack against President Trump.”
“They know that the president’s assets in a blind fund managed by his children who are not members of the administration,” as Bar claimed, although blind confidence is official agreements that leave the beneficiaries without knowing their investments – and not a description of Trump’s relationship with his family’s business. The legislator said that the opposition of the Democrats “about them opposes the US leadership to encrypt.”
Hemsz criticized “a bad, cheap and cheap shot that we are participating in politics.”
Democrats also sparked other issues with the 236 -page clarity law, on the pretext that they had not had enough time to deal with complex legislation significantly, and that it does not focus enough on protection for consumers, and shortens dealing with encryption in illegal financing, and may leave Bosfel for current securities companies to use new rules to regulate calm.
“On the one hand, we are trying to protect people who invest in encryption, but on the other hand, we do things that may undermine protection in our traditional securities markets,” said witness Timothy Masad, former CFTC chairman who is now focusing on digital assets at Kennedy College of Harvard University.
“We should not weaken the current securities regulations or criteria,” Hems said, and asked me about the reason for the need to regulate private securities for the draft law for some investment contracts for digital commodities, on the pretext that legislation exemptions may be abused by advanced securities lawyers.
However, the head of the French committee, Hill, argued that this is a “more powerful” draft law on the protection of consumers and the market from the legislation of the predecessors in the last session, which brought yes voices from 71 democratic in the House of Representatives.
Although the House of Representatives may be able to advance more easily in controversial legislation, the Senate generally requires wide support from the two parties to clarify its own obstacles. Therefore, there should be democrats on board the plane before the market structure bill becomes a law.
Next week, the clarity law may obtain a mark in the Hill Committee – an official session in which the legislation will be discussed and amended before submitting it to the Public Parliament. Actor Maxine Waters, actor, actor, said on Wednesday that this is the next stage It can come on June 10.
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