Crypto, Congress
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"Crypto Week" kicks off in the U.S. as lawmakers debate key bills that could reshape digital asset regulation. Here’s what the legislation means for Bitcoin, investors, and the future of crypto in America.
Crypto executives poured millions into Trump’s campaign, and now he’s helping to make their priorities into law.
If passed, the Crypto Week legislation could lead to new ways to use the currencies, corporate adoption, and institutional investment.
In a week of landmark legislative wins for the crypto industry, the U.S. House of Representatives has now passed all three key bills — the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act. But despite what many in the industry have called a historic breakthrough, markets are barely reacting.
Crypto may have become part of many portfolios, but few of us use digital assets on a regular basis. Recent Motley Fool research shows that more than one in five Americans own crypto, but around a quarter of them have limited understanding of how it works. That needs to change.
The House narrowly passed an earlier procedural vote to reopen a motion to debate after that motion failed on Tuesday when the House Freedom Caucus voted against advancing to debate and a final vote. While the rules motion is procedural, a majority of lawmakers need to vote in favor before the House can vote on the actual bills.
The crypto industry will take a step closer to going mainstream this week as a series of industry-friendly bills progress through Congress, paving the way for digital assets to potentially be further integrated into traditional finance.
C ryptocurrencies and several stocks tied to the ecosystem rose Wednesday as investors dismissed a snag in what was expected to be a winning week for crypto regulation. Bitcoin was last higher by nearly 2% at $118,716.00, according to Coin Metrics, while ether rose more than 4% to $3,201.26.