Senator Chuck Schumer has announced plans for a significant crypto regulation bill aimed at balancing innovation with common-sense rules. The U.S. Senate is targeting the end of the year for the implementation of this legislation. Representative Patrick McHenry expressed support for Schumer's initiative, highlighting the House's previous bipartisan effort with the passage of the FIT21 bill in May. McHenry emphasized the necessity of Senate action on the digital asset market structure, which he believes is overdue.
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