加密货币立法
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The U.S. House of Representatives has passed 3 cryptocurrency bills, the GENIUS Act will officially be signed into effect tomorrow morning
In the latest news, on Thursday local time, the U.S. House of Representatives passed 3 pieces of legislation related to cryptocurrency. These include the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance National Act.
The passage of these bills brings much-anticipated regulatory certainty to the cryptocurrency industry. Among them, the GENIUS Act is expected to be formally signed into law by Trump on Friday local time.
The GENIUS Act aims to provide a clear regulatory framework for dollar stablecoins, reduce compliance costs, and enhance user trust. The bill requires all stablecoin issuers to obtain federal or state-level licenses and hold dollar cash, bank deposits, or short-term U.S. Treasury bonds as reserves in a 1:1 ratio.
Additionally, the CLARITY Act provides clear market rules for trading other digital assets, reduces regulatory uncertainty, lowers project compliance risks, and offers clearer legal boundaries for digital asset innovation.
The Anti-CBDC Surveillance National Act legally prevents the U.S. from issuing a central bank digital currency, protects the existing cryptocurrency market space, avoids the competitive impact of government digital currencies on the decentralized finance ecosystem, and leaves more room for private sector digital assets to grow.
According to Eleanor Terrett, the White House plans to hold a presidential signing ceremony for the GENIUS Act at 2 a.m. on the 19th, marking the imminent formal enactment of the bill.
The passage and implementation of these legislations will have a profound impact on the cryptocurrency industry, providing a clearer regulatory framework and safeguards for stablecoins and digital asset trading within the industry.
#加密货币立法 #GENIUS法案
In the latest news, on Thursday local time, the U.S. House of Representatives passed 3 pieces of legislation related to cryptocurrency. These include the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance National Act.
The passage of these bills brings much-anticipated regulatory certainty to the cryptocurrency industry. Among them, the GENIUS Act is expected to be formally signed into law by Trump on Friday local time.
The GENIUS Act aims to provide a clear regulatory framework for dollar stablecoins, reduce compliance costs, and enhance user trust. The bill requires all stablecoin issuers to obtain federal or state-level licenses and hold dollar cash, bank deposits, or short-term U.S. Treasury bonds as reserves in a 1:1 ratio.
Additionally, the CLARITY Act provides clear market rules for trading other digital assets, reduces regulatory uncertainty, lowers project compliance risks, and offers clearer legal boundaries for digital asset innovation.
The Anti-CBDC Surveillance National Act legally prevents the U.S. from issuing a central bank digital currency, protects the existing cryptocurrency market space, avoids the competitive impact of government digital currencies on the decentralized finance ecosystem, and leaves more room for private sector digital assets to grow.
According to Eleanor Terrett, the White House plans to hold a presidential signing ceremony for the GENIUS Act at 2 a.m. on the 19th, marking the imminent formal enactment of the bill.
The passage and implementation of these legislations will have a profound impact on the cryptocurrency industry, providing a clearer regulatory framework and safeguards for stablecoins and digital asset trading within the industry.
#加密货币立法 #GENIUS法案
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🔥US Vice Presidential Candidate JD Vance, Outspoken Critic of SEC Chairman Gary Gensler!
👋 Hello everyone, today we are going to talk about JD Vance, the Ohio Senator who may become Trump's vice presidential candidate. He not only has a profound influence in the cryptocurrency community, but is also an outspoken critic.
🤔 You may be curious, who is Vance so outspoken about? The answer is SEC Chairman Gary Gensler. Vance has publicly criticized Gensler many times, calling him an "overly political" person and unfit to serve as the chairman of the SEC. Vance believes that the SEC's duty is to regulate all securities and investment commodities, and it needs to be led by someone who can transcend party and perform duties impartially.
🏛️ In Vance's view, Gensler's approach does not meet this standard. He believes that Gensler brought his personal political stance into the work of securities regulation, which poses a threat to the fairness and transparency of the market.
💬 This is not just Vance's personal opinion, many people who pay attention to cryptocurrencies and financial markets are discussing this issue. However, Vance's stance may affect his role as a vice presidential candidate, especially in promoting cryptocurrency legislation and regulation.
👀 But now, with Vance likely to become Trump's vice presidential candidate, his views and actions will receive more attention. We will wait and see how he will influence the future financial policy and regulatory environment in the United States.
💬 What do you think, friends? Share your thoughts in the comments section: Is Vance's criticism justified? How will his views affect the future of the SEC and cryptocurrency?
#JDVance #GaryGensler #SEC主席 #加密货币立法
👋 Hello everyone, today we are going to talk about JD Vance, the Ohio Senator who may become Trump's vice presidential candidate. He not only has a profound influence in the cryptocurrency community, but is also an outspoken critic.
🤔 You may be curious, who is Vance so outspoken about? The answer is SEC Chairman Gary Gensler. Vance has publicly criticized Gensler many times, calling him an "overly political" person and unfit to serve as the chairman of the SEC. Vance believes that the SEC's duty is to regulate all securities and investment commodities, and it needs to be led by someone who can transcend party and perform duties impartially.
🏛️ In Vance's view, Gensler's approach does not meet this standard. He believes that Gensler brought his personal political stance into the work of securities regulation, which poses a threat to the fairness and transparency of the market.
💬 This is not just Vance's personal opinion, many people who pay attention to cryptocurrencies and financial markets are discussing this issue. However, Vance's stance may affect his role as a vice presidential candidate, especially in promoting cryptocurrency legislation and regulation.
👀 But now, with Vance likely to become Trump's vice presidential candidate, his views and actions will receive more attention. We will wait and see how he will influence the future financial policy and regulatory environment in the United States.
💬 What do you think, friends? Share your thoughts in the comments section: Is Vance's criticism justified? How will his views affect the future of the SEC and cryptocurrency?
#JDVance #GaryGensler #SEC主席 #加密货币立法
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Regulatory Breakthrough Imminent? Bitcoin May Welcome Institutional Funding "Tsunami"
Dennis Porter, co-founder of the Satoshi Act Fund, believes that the upcoming market structure legislation will open the "floodgates" for capital into Bitcoin.
In a WeChat post on April 15, Porter noted that this legislation will have a huge impact on Bitcoin's price, as it will attract more capital into the market and pave the way for a bull market for BTC.
According to Fox News, Tim Scott, chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, stated that the government plans to officially legislate the cryptocurrency market bill by August 2025. Porter expressed optimism about this, believing the White House is expected to complete the legislation before August, and we will see.
The cryptocurrency market structure bill, also known as the "Cryptocurrency Market Bill", aims to build a clear regulatory framework for digital assets to define the regulatory responsibilities of federal agencies and establish a registration classification for crypto intermediaries such as exchanges and brokers.
If the bill is passed, it will eliminate regulatory uncertainty in the cryptocurrency space, attracting a large number of institutional investors, enhancing capital liquidity, and indicating that the cryptocurrency market, especially Bitcoin, may welcome a bull market.
With the surge in institutional adoption and the influx of new participants, the demand for Bitcoin is expected to further increase. At the same time, considering that Bitcoin's supply is fixed and limited, a significant increase in demand will strongly drive its price to new highs.
Meanwhile, Bitcoin's price has recently continued to strengthen, breaking through the $85,500 mark, with a weekly increase of over 8%. Some analysts believe this is only a prelude to the market; once the bill is enacted, traditional financial institutions such as pension funds and hedge funds may likely include Bitcoin in their asset allocation portfolios.
Conclusion:
However, the clarification of the regulatory framework is a double-edged sword. Because while institutional entry enhances liquidity, it may reshape the inherent "decentralized" characteristics of the Bitcoin market.
Therefore, retail investors must remain highly vigilant about the potential risks of increased market volatility while embracing opportunities.
After all, when Wall Street heavily enters this once "wild" market, the volatility logic of Bitcoin may undergo profound changes.
#加密货币立法 #比特币牛市 #市场结构法案
Dennis Porter, co-founder of the Satoshi Act Fund, believes that the upcoming market structure legislation will open the "floodgates" for capital into Bitcoin.
In a WeChat post on April 15, Porter noted that this legislation will have a huge impact on Bitcoin's price, as it will attract more capital into the market and pave the way for a bull market for BTC.
According to Fox News, Tim Scott, chairman of the U.S. Senate Committee on Banking, Housing and Urban Affairs, stated that the government plans to officially legislate the cryptocurrency market bill by August 2025. Porter expressed optimism about this, believing the White House is expected to complete the legislation before August, and we will see.
The cryptocurrency market structure bill, also known as the "Cryptocurrency Market Bill", aims to build a clear regulatory framework for digital assets to define the regulatory responsibilities of federal agencies and establish a registration classification for crypto intermediaries such as exchanges and brokers.
If the bill is passed, it will eliminate regulatory uncertainty in the cryptocurrency space, attracting a large number of institutional investors, enhancing capital liquidity, and indicating that the cryptocurrency market, especially Bitcoin, may welcome a bull market.
With the surge in institutional adoption and the influx of new participants, the demand for Bitcoin is expected to further increase. At the same time, considering that Bitcoin's supply is fixed and limited, a significant increase in demand will strongly drive its price to new highs.
Meanwhile, Bitcoin's price has recently continued to strengthen, breaking through the $85,500 mark, with a weekly increase of over 8%. Some analysts believe this is only a prelude to the market; once the bill is enacted, traditional financial institutions such as pension funds and hedge funds may likely include Bitcoin in their asset allocation portfolios.
Conclusion:
However, the clarification of the regulatory framework is a double-edged sword. Because while institutional entry enhances liquidity, it may reshape the inherent "decentralized" characteristics of the Bitcoin market.
Therefore, retail investors must remain highly vigilant about the potential risks of increased market volatility while embracing opportunities.
After all, when Wall Street heavily enters this once "wild" market, the volatility logic of Bitcoin may undergo profound changes.
#加密货币立法 #比特币牛市 #市场结构法案
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Senator Lummis responds to question on whether Biden will veto pro-cryptocurrency legislation
Senator Cynthia Lummis expressed optimism about cryptocurrency legislation, believing that President Biden may not veto crypto-friendly bills in the face of broad bipartisan support.
Although Congress has shown support for cryptocurrencies, Biden's attitude could become an obstacle to key legislation.
In a recent interview, Lummis shared the changing attitudes in Congress toward cryptocurrencies and noted which parties were opposed to related legislation.
Biden's veto threat
Lummis discussed the likelihood of H.J.Res. 109 being signed by President Biden, which received bipartisan support in both the House and Senate earlier this month.
Although Congress has shown support for cryptocurrencies, Biden's attitude could become an obstacle to key legislation.
In a recent interview, Lummis shared the changing attitudes in Congress toward cryptocurrencies and noted which parties were opposed to related legislation.
Biden's veto threat
Lummis discussed the likelihood of H.J.Res. 109 being signed by President Biden, which received bipartisan support in both the House and Senate earlier this month.
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US Senator Lummis posts Bitcoin laser eye emoji after passing cryptocurrency legislation
“We (Bitcoin supporters) are back,” exclaimed Senator Lummis on Friday after the Senate passed a bill to repeal anti-crypto banking policies.
U.S. Senator Cynthia Lummis recently posted a “Bitcoin laser eyes” emoji on social media to show her support for cryptocurrency laws.
The move comes on the heels of the Senate passing legislation H.J.Res. 109, which seeks to overturn the SEC’s Staff Accounting Bulletin (SAB) No. 121.
Senator Lummis Supports Bitcoin Legislation
Cynthia Lummis, a U.S. senator representing Wyoming, is well known for her support for Bitcoin, which she sees as a reliable store of value and a protection against inflation. As a member of the Senate Banking Committee, she is committed to promoting a regulatory framework that both promotes crypto innovation and protects consumers.
U.S. Senator Cynthia Lummis recently posted a “Bitcoin laser eyes” emoji on social media to show her support for cryptocurrency laws.
The move comes on the heels of the Senate passing legislation H.J.Res. 109, which seeks to overturn the SEC’s Staff Accounting Bulletin (SAB) No. 121.
Senator Lummis Supports Bitcoin Legislation
Cynthia Lummis, a U.S. senator representing Wyoming, is well known for her support for Bitcoin, which she sees as a reliable store of value and a protection against inflation. As a member of the Senate Banking Committee, she is committed to promoting a regulatory framework that both promotes crypto innovation and protects consumers.
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Cryptocurrency Regulation: An Overview of the Global Landscape
As of December 21, 2023, cryptocurrency regulation has become a complex and dynamic global issue. It continues to attract the attention of policymakers and regulators. The rapid growth and changing nature of crypto-assets are often poorly understood by those in power, making regulation a hot potato for policymakers.
The state of global cryptocurrency regulation
In 2023, many countries made progress in developing and implementing cryptocurrency regulations, a global trend that indicates that cryptocurrency market regulation is moving in a more structured direction.
The state of global cryptocurrency regulation
In 2023, many countries made progress in developing and implementing cryptocurrency regulations, a global trend that indicates that cryptocurrency market regulation is moving in a more structured direction.
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#Cryptocurrency legislation passed by the House
Full House vote
The U.S. House of Representatives will hold a full vote on the cryptocurrency market structure bill.
The bill, the 21st Century Financial Innovation and Technology Act (FIT 2 1), is the most comprehensive cryptocurrency legislation passed by congressional committees to date and a milestone in important digital asset regulatory legislation. The bill was promoted by Republican Congressman Patrick McHenry, chairman of the House Financial Services Committee, and has been voted through by the House Rules Committee, and will become the first digital asset regulatory bill to pass the House of Representatives. McHenry said that the passage of the bill will provide a clear regulatory framework for the digital asset market, consolidate the United States' leadership in the global financial system, and strengthen its role as an international innovation center. Despite good progress, the bill may face challenges in the Senate, so further observation is needed.
The U.S. House of Representatives will hold a full vote on the cryptocurrency market structure bill.
The bill, the 21st Century Financial Innovation and Technology Act (FIT 2 1), is the most comprehensive cryptocurrency legislation passed by congressional committees to date and a milestone in important digital asset regulatory legislation. The bill was promoted by Republican Congressman Patrick McHenry, chairman of the House Financial Services Committee, and has been voted through by the House Rules Committee, and will become the first digital asset regulatory bill to pass the House of Representatives. McHenry said that the passage of the bill will provide a clear regulatory framework for the digital asset market, consolidate the United States' leadership in the global financial system, and strengthen its role as an international innovation center. Despite good progress, the bill may face challenges in the Senate, so further observation is needed.
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Is encryption algorithm or legislation more important?
#加密货币立法
Web3 infrastructure and digital certificate network Galxe (GAL) said on Wednesday that it is building its own L1 smart contract platform Gravity and migrating all its products to the new blockchain. The first version of the network, built on the Arbitrum Nitro technology stack, will be launched in June to test cross-chain settlement in an open and transparent manner. The Gravity mainnet has native staking and re-staking functions and is scheduled to go online in the second quarter of 2025.
The Galaxe team said that the reason for creating Gravity is that the platform’s user base has grown significantly over the past three years, currently with 20 million users and 100 million transactions per month, so a more efficient and scalable solution is needed to manage cross-chain interactions between the 34 blockchains supported by Galxe.
Web3 infrastructure and digital certificate network Galxe (GAL) said on Wednesday that it is building its own L1 smart contract platform Gravity and migrating all its products to the new blockchain. The first version of the network, built on the Arbitrum Nitro technology stack, will be launched in June to test cross-chain settlement in an open and transparent manner. The Gravity mainnet has native staking and re-staking functions and is scheduled to go online in the second quarter of 2025.
The Galaxe team said that the reason for creating Gravity is that the platform’s user base has grown significantly over the past three years, currently with 20 million users and 100 million transactions per month, so a more efficient and scalable solution is needed to manage cross-chain interactions between the 34 blockchains supported by Galxe.
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