The date when the US House of Representatives Financial Services Committee will vote on cryptocurrency and stablecoin legislation has been clarified.
The U.S. House of Representatives Financial Services Committee is intended to provide more clarity on the regulation of cryptocurrencies. cryptocurrency and stablecoin legislation in the second week of July will vote. However, under the legislation stablecoins A more comprehensive framework will be created for
If the legislation in question passes the vote, cryptocurrencies as a commodity, not a security An important step will be taken to define it. A commodity product relative to a security under US law have fewer reporting and regulatory requirements It is for the sector to pass the legislation through voting. can have a positive impact.
Legislation to be presented before the Committee Chairman of the Committee McHenry and the Republican chairman of the House Agriculture Committee Glenn Thompson prepared by. Judging by the recent statements, the parliamentary The pro-crypto attitude of the Republican section does not go unnoticed.
On the other hand, only the support of the Republicans is not enough for the legislation to be approved. In order to reach a final conclusion, Democrats to your support and President Joe BidenWill need your signature.
The committee will also discuss a separate bill in July to establish a comprehensive regulatory framework for stablecoins. The stablecoin bill in question is the Chairman of the House of Representatives Financial Services Committee. Patrick McHenry and representative frenchhill Written by
The Republican group on the committee took action earlier this year to be able to oversee the cryptocurrency industry in a more inclusive and detailed manner. crypto committee announced that they were preparing to establish