The priorities of the 119th Congress of the United States include the establishment of a digital asset framework

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on the X platform that U.S. Senator Tim Scott has just released a priority list for the 119th Congress, which includes the establishment of a digital asset framework.

The document she shared stated: "Under Chairman Gensler's leadership, the U.S. Securities and Exchange Commission (SEC) has refused to provide clear guidance for the cryptocurrency industry, forcing relevant projects to move overseas. Looking ahead, the Commission will work to build a regulatory framework that establishes a dedicated path for the trading and custody of digital assets to promote consumer choice, education, and protection, while ensuring compliance with any relevant requirements of the Bank Secrecy Act. Additionally, the Commission will create an open and inclusive environment for new innovative financial technologies and digital asset products, such as stablecoins, that promote financial inclusion."