The chairman of the U.S. Senate Banking Committee plans to initiate a vote on the Crypto Assets market bill next month.

Golden Finance reported that Tim Scott, the chairman of the U.S. Senate Banking Committee, said on Tuesday that he plans to have the committee vote on the market structure bill for Crypto Assets next month. Scott said: “By the end of this year, which is next month, we believe we can complete the bill revisions in two committees and initiate voting, and submit it to the full Senate for a vote early next year, so that President Trump can sign this bill.” The structure bill for the Crypto Assets market needs to obtain dual approval from the Senate Banking Committee and the Agriculture Committee, as the content of the bill involves both securities regulation and commodity regulation. Scott stated that this bill will protect consumer rights while helping to solidify the United States' dominant position as “the strongest economy in the world for the next century.” The Republican senator had previously attempted to push the bill through before September this year but was unsuccessful, blaming the Democrats for the failure. Scott said on Tuesday: “Democrats have been delaying, delaying, and delaying again because they do not want President Trump to make America the global Crypto Assets capital. This bill is not just for President Trump, but for the American people.”