Us Senator: Parts of crypto regulation bill could be passed within six months

According to BlockBeats, on Oct. 15, Kirsten Gillibrand and Cynthia Lummis, two senators who have written a bill to regulate encryption in the United States, said at a conference that parts of their legislation could be presented to the president within the next six months, For signing. Part of the Stablecoin bill could "pass" Congress. As previously reported by BlockBeats, the Responsible Financial Innovation Act, also known as the Lummis-Gillibrand Act, aims to encourage "responsible innovation" by integrating digital assets into existing law, And provides a clearer framework for an industry that is largely unregulated and lacks common standards. The bill contains 69 pages of detailed definitions and regulations.