Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
U.S. Crypto Legislation Faces Uphill Battle in Republican-Controlled House, Key Lawmakers Target 2024

U.S. Crypto Legislation Faces Uphill Battle in Republican-Controlled House, Key Lawmakers Target 2024

CointimeCointime2023/11/30 22:09
By:Cointime

Efforts to pass US crypto legislation through the House of Representatives this year have been delayed until 2024 due to the recent fight over installing a new speaker. The legislation still faces an uphill battle in the Senate, which is controlled by Democrats. However, success in the House may move the Senate to approve the bills. The House Financial Services Committee is focusing on two major crypto bills, one to regulate US stablecoin issuers and another to form a broad system of rules for crypto markets. Passing the bills may require attaching them to must-move legislation, such as a spending bill.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Turning Tesla cameras into data engines

A DePIN hardware device from Hamburg-based NATIX Network allows Tesla drivers to monetize their travel

Blockworks2024/11/27 17:00

Price targets to watch as bitcoin struggles to hit $100K

Ledn’s John Glover gives some price targets to watch for bitcoin

Blockworks2024/11/27 16:55