The US Senate Banking Owners' Seat calls cryptocurrency the 'next miracle' of the world

According to CoinDesk, US Senator Tim Scott is about to become the chairman of the Senate Banking Committee, calling cryptocurrency the "next miracle of the world" and planning to establish a Digital Assets Subcommittee to push for key legislation including the Financial Innovation and Technology for the 21st Century Act (FIT21). He and the Chairman of the House Financial Services Committee, French Hill, stated that they aim to pass relevant bills before 2025 and emphasized the need for bipartisan cooperation. At the same time, SEC Commissioner Pierce stated that he will collaborate with the CFTC, and future regulation will focus on clarifying responsibility boundaries and combating fraudulent behavior.