Crucial quote
Wolfe’s research broker read Harvey, in a note earlier this week, wrote: “No piece seems to have more (momentum) than Ethereum lately” because cryptocurrency began to “show a certain life compared to (bitcoin)”.
What legislation was adopted during the “crypto week”
The Chamber of Républicains committee on financial services announced earlier this month, the week from July 14 would be the “cryptography week”. During this period, the Republicans of the Chamber promoted a trio of Pro-Crypto bills, in particular the Act respecting engineering, the law on the clarity of the digital asset market and the anti-central law on the surveillance of digital frames. President Donald Trump signed the law on genius on Friday, after calling “all Republicans” to “vote yes”, while the anti-ABDC clarity law was approved Thursday in the votes of the Chamber. The law on engineering establishes the first federal regulations for stablecoin issuers, forcing companies to issue stablecoins to hold a reserve of assets to support cryptocurrency. Under the bill, Stablecoin issuers must also prioritize parts for reimbursement or reimbursement if companies go bankrupt. The law on clarity divides the regulatory jurisdiction of digital assets between the Commodity Futures Trading Commission and the Securities and Exchange Commission, while the anti-CBDC law prohibits the federal reserve from issuing a digital currency of the Central Bank.
