TechFlow news, on December 18, according to CoinDesk, Senator Tim Scott, the incoming Republican chair of the Senate Banking Committee, and Representative French Hill said at a policy event that both chambers of Congress and President-elect Donald Trump's administration are moving in the same direction toward legislation. The Senate will begin working on cryptocurrency legislation, while House Financial Services Committee Chair Hill expressed hope to pass these bills by 2025.
Scott stated, "In my view, this is the next wonder of the world." He pledged that his committee would establish a dedicated cryptocurrency division, making him the first chairman to create a subcommittee focused on digital assets.
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