Crypto powers infiltrate US Congress, Standard Chartered Bank seizes EU market
Cryptocurrency powers hold legislative power, but the Federal Reserve remains a hindrance According to reports, the Senate Banking Committee is preparing to announce the establishment of the first subcommittee specifically responsible for digital assets. The Republican Party currently controls the Senate and House of Representatives, and Trump will begin his second term under the leadership of a unified government. Therefore, the Republican Party's control over both houses has opened up a clearer path for the passage of cryptocurrency friendly legislation. Based on previous efforts, the subcommittee may focus on stablecoins. Its goal is to create a regulatory framework that supports the development of the industry while managing potential risks. Senator Tim Scott prioritized the cryptocurrency subcommittee and appointed Cynthia Lummis...