The Senate Banking Committee in the United States has established legislative principles for market structure in Washington, D.C., providing clear guidance for the regulation of digital assets

Gate News bot message, according to the announcement of the U.S. Senate Banking Committee, Senate Banking Committee Chairman Tim Scott, Chairman of the digital asset Subcommittee Cynthia Lummis, Senator Bill Hagerty, and Senator Thom Tillis today issued principles to establish legislation framework in the market, which will guide Chairman Tim Scott and his colleagues in discussions and negotiations with industry participants, legal and academic experts, and government stakeholders on the text of the bill.

The Senate Banking Committee said, “The Senate Banking Committee has led a new approach to digital asset regulation and has delivered significant results for the industry and the American people. We have more work to do and look forward to advancing market structure legislation in the Senate on the basis of the ‘GENIUS Act.’ These principles will be an important cornerstone of the negotiations on the bill, hoping to set aside politics to provide the long-overdue clear guidance for digital asset regulation.”