US Senateis preparing for a new regulation law that can deeply affect the crypto currency sector. According to Coinbase’s former Senator Pat Tomey, a global advisory Council, the bill is very close to the Senate vote. If approved, the regulation in the country crypto currency It has the potential to give the ecosystem a clear legal framework and promote innovations in the sector.
“The US has no luxury in the crypto race”
Pat toomeyIn an interview with Bloomberg TV, clear and supportive arrangements are vital. According to him, if the US does not pass this law, global leadership in the field of crypto currency may be caught up in other countries. “There is no guarantee that we will dominate this area. If we do not take rational laws, the advantage goes away, Tou said Touy, and emphasized that the arrangement aims to pave the way for new products that will make payment systems faster and more accessible.
One of the most remarkable parts of the law stablecoin‘s. According to TOOMEY, the law may give the United States the chance to re -lead the US in this field by providing a framework for global standards. Stating that the US was left behind in crypto monetary policies during the Biden administration, TOOMEY added that the new administration has taken serious steps towards closing this gap.
User safety and innovation targets together
The new bill is not only technology -oriented, but also to protect the user. Considering the bankruptcy and fraud scandals in the past, consumer security has become one of the cornerstones of this regulation. In this respect, the draft law can play a critical role in the reconstruction of the trust in the system.
Bitcoin 
$111,030.01‘s (BTC) recently increased over 110 thousand dollars in the last legal developments of investors are associated with the excitement. House of RepresentativesThe fact that he had previously had similar economic arrangements has also translated the eyes to the Senate. The crypto currency world believes that if this regulation passes, the sector will accelerate.
On the other hand, in some circles Crypto Law DraftNA Credit Card Competition Law can be added. However, toomey has hardly opposed this idea. “This would be a huge mistake,” he said that the credit card arrangement is indifferent to the crypto and that such a move could endanger the current reconciliation.
The bill in front of the US Senate can reshape the country’s crypto currency strategy. A regulation that protects the investor, supports innovation and can highlight the US in global competition. Crypto Money MarketIt can open the door of a new era.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
