US Representative Brian Steel wants legislators to stop adding “non -German items” to two major crypto bills, and has been claimed that doing so is reducing the implementation of a regulatory framework for the industry.
“Individuals, when they are going to move forward, want to connect non -German items with any bill that is going through and will be signed in the law,” Republicans belonging to Wisconsin, who are on May 27 in Bitcoin 2025 conference in Las Vegas.
He added, “We have to stop ourselves from this instinct and try our comrades – both sides of the corridor.”
The Congress’s biggest crypto supporters hope that the American Stable Queens Act, or the Genesis Act, and a crypto market structure will set the Bill Bill a month a month before the August holiday will establish Stable Quinn Regulating Guidance and National Innovation.
Democratic lawmakers sustained May 8, citing concerns about US President Donald Trump’s crypto plans.
Stable coins and market structure legislation will unlock the golden age of digital assets. pic.twitter.com/lsbx5p2Wqt
– Brian Steel (@Rap Brian Steel) 27 May 2025
Although the talented act finally moved forward in the Senate with a vote on May 20, Steel said Trump’s concerns are not related to bills itself.
“They are not Germany of the legislative text. The legislative text is focused on advancing a regulatory framework in which we can especially enforce measures to strengthen this wide market for American consumers and for the benefit of innovation and development.”
Democratic Senator Marker Warner expressed similar sentiments before the Genius Act was approved on May 19, saying that the United States could not “afford to stand on this occasion” while the crypto industry was ready.
“We can’t allow this corruption to be blind to the wider reality: blockchain technology is to stay here,” Warner said. “If American legislators do not form it, others – and not in ways that fulfill our interests or democratic values.”
Steel gave the Democrats a
Steel acknowledges that Democratic lawmakers have tried to better understand the grips of the crypto industry about how the Biden administration has handled the rules and enforcement of the sector.
He said that the nature of the political landscape and crypto talks “looks like a bit different”, but in the last Congress, more than 70 Democrats have indicated the need for a clear crypto rules on the 21st Century Act (FIT 21) financial innovation and technology.
Related: Trump supported the bill to buy 1 million BTC – Senator Lomes
Steel said, “I think it was a huge process.
The Fit21 Act was not implemented before the end of the last Congress, however, Gillen Thomson and French Hill, heads of the House Agricultural and Financial Services Committee, introduced a new crypto market structure bill that aims to build on FIT21.
Steel said that if the lawmakers passed these bills, they would have the opportunity to find many other “interesting, creative ideas” in space.
Magazine: Tradefi RWAS is building Ethereum L2 to Turns Tills: Inside Story
Additional reporting by Turner Wright
