US passed the first major bill to regulate digital assets
What the US government dubbed as the “Crypto Week” yielded in the House passing the first federal legislation to regulate stablecoins. As it has been previously approved by the Senate, it comes into effect the moment the president signs it.
Two additional crypto-related bills also passed in the House and will now proceed to the Senate.
This is a major win for the crypto industry, which poured millions into last year’s election, supporting candidates, including Donald Trump, who became a major advocate for cryptocurrency investments.
The House had three crypto-related bills to pass this “Crypto Week”. However, the bills were stalled for more than a day due to disagreements among House Republicans over how to combine the…
