Odaily Planet Daily News: Glenn Thompson, chairman of the U.S. House Agriculture Committee and Republican congressman from Pennsylvania, said on Tuesday that he plans to formally introduce his cryptocurrency bill in the lower house this week along with Patrick McHenry, chairman of the House Financial Services Committee and Republican congressman from North Carolina. According to Bloomberg, Thompson believes that the recent Ripple ruling will help win Democratic support for the bill because it shows the need for clearer guidelines to protect consumers. The Digital Asset Market Structure Act was proposed by Thompson and Patrick McHenry and supported by Congressmen French Hill and Dusty Johnson. The bill was first submitted to the lower house for preliminary review on June 2, and is then scheduled to enter the voting stage in July. The bill proposes a new regulatory framework that classifies cryptocurrencies as securities or commodities, regulated by the U.S. Commodity Futures Trading Commission (CFTC) or the U.S. Securities and Exchange Commission (SEC). (Cryptoslate)