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The U.S. Senate Banking Committee holds a hearing on the structure of digital asset markets, and participants call on Congress to pass digital asset legislation as soon as possible

The Internet reported that the U.S. Senate Banking Committee's Digital Assets Subcommittee held a hearing entitled "Exploring a Bipartisan Legislative Framework for the Structure of Digital Assets Markets." Participants called on Congress to pass digital asset legislation as soon as possible. The word "Bitcoin" was not mentioned once at the hearing. Despite this, Bitcoin will still be affected by some of the cryptocurrency regulations discussed at the hearing. The hearing comes as Senators Cynthia Lummis (R-Wyoming), Thom Tillis (R-North Carolina), Bill Hagerty (R-Tennessee) and Senate Banking Committee Chairman Tim Scott (R-South Carolina) released principles for digital asset market structure this morning. Senator Lummis, who chaired the hearing, mentioned some of the above principles at the beginning, while jokingly adding that now that the Senate has voted on the GENIUS Act, the United States is entering the 21st century financially. Also attending the hearing were Senators Bill Hagerty (R-Tenanasee), Bernie Moreno (R-Ohio), Angela Alsobrooks (D-Maryland), Dave McCormack (R-Pennsylvania), and a witness panel.

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