BlockBeats News, January 15th, FOX Business reporter Eleanor Terrett posted on social media that the newly released priorities list of the 119th Congress includes "Developing a Framework for Digital Assets."
The report indicates that under SEC Chairman Gensler's leadership, the U.S. Securities and Exchange Commission has refused to provide clarity for the cryptocurrency industry, forcing projects to move overseas. In the future, the Commission will focus on establishing a regulatory framework to create a tailored path for the trading and custody of digital assets, which will promote consumer choice, education, and protection, and ensure compliance with any pertinent Bank Secrecy Act requirements for innovative financial solutions. The Commission will also foster an open environment for new technologies, such as stablecoins and digital asset products, to promote financial inclusivity.