The US House of Representatives took a pivotal step by passing a draft law aimed at establishing an organizational framework for encrypted currencies. This development, which was reported by Yahoo Finance, represents a decisive victory for the digital assets sector, which has long called for federal legislation and has invested significantly in the recent elections to support pro -Rabat candidates.
Also read: The future of social security payments: Is the United States ready to integrate encryption?
Legislation seeks to expand the authority of the Justice Trading Committee for commodity in the encrypted currency market, which may reshape how digital assets in the United States according to data from the Indexbox platform, the global cryptocurrency market suffers from rapid growth, while increasing adoption in various industries. This legislative step can enhance market confidence and push innovation within the sector.
Source: Indexbox Market Intelligence
