U.S. Congress accelerates encryption legislation and strives to complete it by August
On April 28, it was reported that U.S. congressmen returned to Congress after the Easter recess, making encryption legislation a priority issue, aiming to complete the stablecoin and market structure bill before the August deadline set by President Trump. The House Financial Services and Agriculture Committees will hold a joint hearing on May 6 to discuss the legislative blueprint for digital assets. The Senate is also integrating the contents of the 2022 Lummis-Gillibrand Act and FIT21 Act.
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