The 200-page document is titled “The 21st Century Financial Innovations and Technologies Act.” It aims to establish the foundations for effective regulation of blockchain and digital assets while ensuring citizens’ freedom to own cryptocurrencies without unnecessary restrictions. This may promote the development and adoption of new technologies in the financial sector and enhance trust in the use of cryptocurrencies and blockchain technologies in the future.
The vote will take place next week.
Patrick McHenry, the Chairman of the House of Representatives, called it a pivotal moment for the USA as a global leader in innovations and technology implementation.
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