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News - Crypto bill advances to next round in US
The Agriculture Committee also approves the "21st Century Act." The act is seen as a positive signal for the crypto industry in the US.
Hopes for more regulatory clarity in the U.S. live on. Yesterday, the "21st Century Act" passed the House Agriculture Committee. The committee announced on Twitter yesterday. The bill marks "an important milestone for a much-needed framework for digital assets," explained committee chairman Glenn Thompson. The proposal must pass all committees before it hits the floor.tw/
The Financial Innovation and Technology for the 21st Century Act:
— House Committee on Agriculture (@HouseAgGOP) July 27, 2023
✔️Passed by @FinancialCmte
✔️Passed by @HouseAgGOP
🔜Goes to the House floorhttps://t.co/S0RZjrWuOD
The bill regulates the future responsibilities of U.S. authorities, the Federal Trade Commission (CFTC) and the Securities and Exchange Commission (SEC). Read more here.
Next, the crypto bill will be introduced in the plenary session of the House of Representatives. There, all House members will debate and vote on the bill at the end. If it passes the vote, the bill will proceed to the U.S. Senate.
