US House agrees to consider crypto legislation in big win for the digital asset industry

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The Republican-controlled US House of Representatives cleared key procedural hurdles on crypto legislation on Wednesday, a day after President Donald Trump intervened to save the initiative, paving the way for the first federal law for digital assets.

The votes came after more than nine hours of private talks as leaders worked to win over lawmakers skeptical of how the package was structured.

A bill to establish a federal framework for stablecoins is likely to be the first to be passed, in what would be a watershed victory for the crypto industry.

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US House agrees to consider crypto legislation in big win for the digital asset industry


The Republican-controlled US House of Representatives cleared key procedural hurdles on crypto legislation on Wednesday, a day after President Donald Trump intervened to save the initiative, paving the way for the first federal law for digital assets.

The votes came after more than nine hours of private talks as leaders worked to win over lawmakers skeptical of how the package was structured.

A bill to establish a federal framework for stablecoins is likely to be the first to be passed, in what would be a watershed victory for the crypto industry.

It…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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