Bitcoin reached a new summit on Monday, reaching $ 123,000 for the first time, because the feelings of traders are supported by a perspective of regulatory tail and adoption of digital currency. The price therefore made its earnings to slightly lower the level of $ 120,000 thereafter.
On July 14, the Chamber of the American representative began to discuss three pro-industrial bills, which were to provide a regulatory framework on the American crypto trade which was highly requested by the initiates of digital assets.
President Donald Trump prompted legislators to review the previous rules on cryptocurrencies, marking Washington’s exchange position on the crypto of the strictest policies observed at the time of Biden, which saw many crypto companies in the context of the Securities and Exchange Commission (SEC).
This week, American decision -makers will examine three vital legislation to provide a clearer regulatory framework and establish limits to government entities. The invoices are as follows:
1) The law of guide and establishment of national innovation for us (engineering): This bill should provide a clarification on the question of whether cryptographic tokens or equivalence are considered as securities or basic products. This bill should eliminate the legal uncertainty of startups by providing clear regulatory rules. The bill has already adopted the Senate.
2) The law on clarity: This bill will prevent excessive regulatory federal agencies by blocking the use of the court decision. The bill will ensure the unique congress for the classification and governance of digital assets.
3) The law on the state of anti-CBDC surveillance: this bill prohibits the issue of a digital currency from the Central Bank (CBDC) by the Federal Reserve, which the legislators argue that this could lead to the surveillance of the government on the financial activity of American citizens, threatening individual privacy.
This reversal of politics aims to attract crypto merchants
Draconian treatment on cryptographic trading.
