TechFlow reported on January 15 that, according to FOX Business journalist Eleanor Terrett, U.S. Senator Tim Scott has released a list of priorities for the 119th Congress, specifically emphasizing the establishment of a regulatory framework for digital assets. This framework aims to reverse the current situation under SEC Chair Gary Gensler, where the lack of clear regulatory guidance has led many cryptocurrency projects to move overseas.
The new framework will focus on three key areas: first, establishing dedicated regulatory pathways for digital asset trading and custody; second, enhancing consumer protection and education while ensuring compliance with the Bank Secrecy Act; and third, creating an open and inclusive environment for innovative financial products such as stablecoins to promote financial inclusion.
