As the regulatory panorama for the cryptographic industry in the United States continues to evolve positively, marked by a fall into compliance actions Of the Bag and Securities Commission (SEC): The manufacturers of the law in Congress are intensifying their efforts to approve crucial legislation that supports the growth of digital assets.
This week, several key developments are being configured to shape the future of cryptographic regulation, as described by Ron Hammond, director of government relations and institutional participation in the Blockchain association.
The Congress resumes the cryptographic approach
In a recent one Social Network update On the X platform (previously Twitter), Hammond highlighted the current work in Congress, stating: “Congress has returned and the routine continues with key nomination audiences and progressing in Stablcoin legislation.”
Hammond emphasized that although the regulation of the stable is considered one of the most direct priorities for Congress, there are significant challenges before any legislation can become law.
This week’s most pressing event highlighted by the director of Blockchain Associatain is the nomination hearing scheduled for Thursday, during which the Senate Banking Committee will consider several fundamental appointments.
Paul Atkins for the president of the SEC, Jonathan Gould to direct the Office of the Comptroller of the Curren Key quotes It is expected to have a positive impact for cryptography.
Although the SEC lacks a confirmed president, he has been active in several judicial cases and is organizing his first round digital asset table, led by interim president Mark Uyeda, a pro-Crypt commissioner who has distinguished himself by opposing the regulation approach for compliance with the previous administration.
Hammond suggests that discussions led by the SEC workforce Parallel to the ongoing conversations in Congress, particularly with respect to the structure of the market, which has significant implications for the future of the cryptography market.
The Congress is approaching to finish the bill for presidential approval
Hammond also pointed out the importance of the stables in the current legislative agenda. He points out that the Senate Banking Committee has taken to vote on the legislation, but when it does, the results generally have weight.
The director stressed that the last important bill that received a vote was a draft regulatory aid law in 2017, and the current Debate about Stablecoin He has obtained more support than this bill, further increasing the potential to obtain official approval.
The next step for Stablecoin’s legislation is a vote against the entire Senate, while the House of Representatives is also preparing to address its own Stablecoin bill, with an early vote next week. Ultimately, both bills must reconcile, preparing the scenario for a more comprehensive regulatory framework.
Interestingly, Hammond said that if everything goes as planned, a draft finished by Stablecoin could be on his way to President Donald Trump’s desk as soon as this summer.
Once the regulation of Stablecoin is established, Hammond points out that Congress will focus its attention on more complex problems related to market structureA process that is expected to take much more.
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