The US House of Representatives has taken an important step by passing a bill aimed at creating a monitoring framework for encrypted currencies. The progress, reported by Yahoo Finance, is a major victory for the digital asset sector, which has long supported federal law and has made significant investments in the recent election to support pro -Crypto candidates.
Also Read: The Future of Social Security Payments: Is the United States ready to integrate encryption?
The law seeks to expand the authority of the Future Transaction Commission (CFTC) on the Cryptocurrency market, and potentially transform how digital assets are run in the United States according to the Indexbox platform data, the Cryptocurrency global market has increased rapid growth. This legislative action can enhance market confidence and enhance innovation in this sector.
Source: Indexbox market information platform
About the Author
