Bitget App
交易“智”变
行情交易合约跟单BOT理财Web3
Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year

Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year

AICoinAICoin2024/08/22 01:03
作者:AICoin

Top Republican Retains Hope U.S. Crypto Legislation Can Get Done This Year image 0


TETON VILLAGE, WY. — The window for crypto legislation in 2024 is narrowing, but there is still a path toward getting something passed this year, Sen. Cynthia Lummis (R-Wyo.) said Wednesday.


While neither she nor Sen. Tim Scott (R-S.C.), who also spoke at the SALT Wyoming Symposium hosted ahead of the Federal Reserve's annual Jackson Hole meeting, delved into the specifics of any particular bill, she referenced work in the Senate Agriculture Committee.


Lummis and Scott also appealed to voters during the brief SALT appearance, saying Republicans are more aligned with crypto interests than Democrats. (Republican presidential candidate Donald Trump has loudly endorsed crypto this election cycle. While Kamala Harris, the Democratic candidate, hasn't directly addressed the issue, Bloomberg on Wednesday reported that she's signaled a friendlier stance toward digital assets.)


Scott, the lead Republican on the Senate Banking Committee, has not said much about crypto during his tenure as the committee's ranking member. However, he introduced himself to crypto crowds with Lummis at the BTC Nashville conference last month, where he echoed popular talking points in the crypto community, including calling for more lenient regulators and saying he'd support crypto-friendly legislation.


If control of the Senate flips to Republicans, Scott will become the chair. On Wednesday, he floated the possibility of creating a subcommittee focused on digital assets if he takes on that role.


"Wouldn't it be cool if we had a subcommittee on the Banking Committee that focuses on the industry, so that we bring more light to the conversation, more hearings on the industry, so that we get things done faster," he said. "We go further, faster in a shorter period of time, because we have the kind of motivation and momentum that leads to having bills on the floor marked up."


Both Lummis and Scott referred to current committee Chair Sherrod Brown (D-Ohio) and Sen. Elizabeth Warren (D-Mass.) as lawmakers who were creating "headwinds" in their pursuit of crypto legislation.


"The only way we're going to get anything done this year is if it comes through the Senate Agriculture Committee in the form of Commodity Futures Trading Commission [legislation]," Lummis said. Sen. Chuck Schumer (D-N.Y.), the Senate Majority Leader, vowed to move crypto legislation through the Senate and have it signed into law by the end of the year during an appearance at a "Crypto4Harris" event last week.


She described a hypothetical scenario in which the Senate Agriculture Committee could vote a bill out of committee, and it would become "a Christmas tree, as we call it."


In this scenario, Lummis said she could see stablecoin provisions tacked on to the Agriculture Committee bill, using the Howey Test as a base for helping define stablecoins.


"Chuck Schumer gets to have his SAFER Banking bill, and all of a sudden you come up with a very broad financial services bill, and then it's got enough flow to pass," Lummis said. "And so that's a scenario that actually could play out after the election. The challenge is going to be having enough legislative days to pull something like that off."


Scott concurred, saying it was unlikely that any bill could work through the Senate Banking Committee this year.


"The motivation and the incentives are there. Two pieces of the incentives that are really important, [House Financial Services Committee Patrick] McHenry [in] financial services, [Senate Agriculture Committee Chair Debbie] Stabenow [are both retiring members," he said. "Schumer wants to give Stabenow a swan song, which could be this legislation. So you have the forces on both sides of the aisle in a bicameral way, working to get something done so that their legacy includes legislation that will be incredibly beneficial, not only to the industry, but in my opinion, to the American consumer."


Scott predicted that there is a good chance for Republicans to hold 52 or 53 seats in the 100-member U.S. Senate after the 2024 election, noting that West Virginia's Joe Manchin (I-W.V.) was not running for reelection and pointing to close races in Ohio and Montana.


"It's not about being better politically. It's really about self-interest. Americans vote on typically popular issues, and then community issues," Scott said, pointing to former President Trump's comments at BTC Nashville as a focus on these issues.


Lummis took a shot at Vice President Harris during the panel, saying "there is no indication" that she would be "good to this industry."


Harris' campaign has yet to present any crypto-specific plans, only beginning to roll out policy initiatives last week. Earlier on Wednesday, Harris campaign adviser Brian Nelson, a former senior Treasury official, said Harris wants to grow the crypto industry, without delving into specifics.


Lummis said this is a stark contrast to the Republican party platform, saying Trump had written a platform pitch that did include digital assets.


The 2024 election is the friendliest one for Republicans over the next six years, Lummis said, referring to the number of seats up for grabs in red-leaning states. Republicans will be more on defense than Democrats in the next two elections (2026 and 2028), she said.


"So the best math for Republicans is this one. If we had a Republican president, Republican House and Senate for two years, we can move mountains. We could be significant. We can take the lead in this industry and others and move the needle in a positive direction that fosters innovation," she said. "If we miss this opportunity, we don't have the same opportunity for a long time."


免责声明:本文章仅代表作者个人观点,不代表本平台的立场和观点。本文章仅供信息分享,不构成对任何人的任何投资建议。用户与作者之间的任何争议,与本平台无关。如网页中刊载的文章或图片涉及侵权,请提供相关的权利证明和身份证明发送邮件到support@aicoin.com,本平台相关工作人员将会进行核查。

0

免责声明:文章中的所有内容仅代表作者的观点,与本平台无关。用户不应以本文作为投资决策的参考。

PoolX:锁仓获得新代币空投
不要错过热门新币,且APR 高达 10%+
立即参与!

你也可能喜欢

联邦法官表示Coinbase可以下架wBTC,驳回与孙宇晨有关的BiT Global申请的临时限制令请求

简要概述 一位加州法官裁定,Coinbase可以下架包装比特币,同时拒绝了BiT Global关于临时限制令的请求。Coinbase宣布将在其托管方与与孙宇晨有联系的香港公司合作后,移除该代币化比特币产品。Coinbase的一位代表表示,交易所可能会考虑对提起虚假诉讼的原告进行制裁。

The Block2024/12/19 01:23

尽管美联储最近降息,比特币价格仍暴跌至10万美元

加密货币的总市值在几个小时内又下降了2000亿美元。

币界网2024/12/18 21:35

美联储主席杰罗姆·鲍威尔分享了对2025年的乐观前景,对特朗普的阻力加倍

美联储周三将利率下调0.25%,将目标区间降至4.25%-4.5%。这是一个可以预见的举动,但接下来发生的事情却并非如此。

币界网2024/12/18 21:30

Kraken提前数月推出以太坊扩展层Ink

简要概述 Kraken已在主网上推出其名为Ink的Layer 2区块链。启动合作伙伴包括去中心化交易所Curve、稳定币平台Frax、L2基础设施提供商Gelato、互操作协议LayerZero等热门应用程序。

The Block2024/12/18 21:23