🔗 Crypto has taken center stage in U.S. discussions. But what's been missing? Regulation.
📊 Due to a lack of regulation, the SEC stepped in, assuming a role far from crypto's ally. It's a situation that hasn't pleased those holding more power than the SEC.
⚖️ The change arrives as four crypto bills are debated and dissected at the highest government levels. While they've passed the U.S. House Financial Services Committee, will they become law?
🧐 Let's dive into these four bills:
1. The Financial Innovation and Technology (FIT) for the 21st Century Act
🔍 Establishes a regulatory framework for digital asset trading with the SEC and CFTC.
🤝 Not bipartisan, sponsored solely by Republicans, which may hinder its success.
2. The Blockchain Regulatory Certainty Act
📑 Focuses on blockchain services and crypto exchanges' classification.
✅ Bipartisan support, safeguarding providers from misclassification.
3. The Clarity for Payment Stablecoins Act
💰 Lays a clear regulatory path for stablecoin issuers.
✅ Bipartisan support, vital for stablecoins' future in light of recent amendments.
4. The Keep Your Coins Act
🔐 Protects crypto self-custody rights.
💪 Republican-backed, ensuring citizens' right to act as custodians.
🎶Crypto's future is shaping up, one bill at a time!
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