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The law of transparency, which the entire cryptocurrency market has been waiting for, is coming – positive comments are being issued one after another.
The process of the transparency law, one of the most important bills to regulate digital currencies in the United States, is gaining momentum.
Thom Tillis announced that the project is ready to move to the next critical phase, which is the "review" process by the committee.
Tillis told reporters on Capitol Hill that he will ask the committee chair to set a timetable for reviewing the project once Congress resumes.
The Republican senator said, "We have made significant progress, and now it’s time to refer the project to the committee."
Tillis mentioned that objections from the banking sector regarding stablecoin yields, one of the most controversial aspects of the bill, have been largely addressed, and conveyed a message that they are "open to working in good faith" with parties willing to contribute to the process.
Related news: A big day tomorrow: The Federal Reserve announces the interest rate decision – an expert nicknamed "Federal Reserve spokesperson" predicts what might happen.
Speaking of timing, Tillis stated that the bill concerning stablecoin yields is scheduled to be shared about 4-5 days before the committee review.
It is said that this step allows stakeholders to review the bill in advance.