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Bipartisan Support for Cryptocurrency Grows in Congress
In recent political developments, there has been a notable shift in the attitude towards cryptocurrency within the United States government. Bipartisan support for the crypto industry is resurging, with several key moves that could have a significant impact on the future of digital currencies.
1. Overturning SEC Rule: The Senate voted to overturn Staff Accounting Bulletin 121 (SAB-121), a rule that imposed burdensome accounting standards on cryptocurrency assets held by financial institutions. The House also approved the measure, indicating broad support for the crypto industry.
2. Financial Innovation and Technology for the 21st Century Act (FIT21): The House is considering this bill, which aims to establish a regulatory framework for the crypto industry. If passed, it would provide much-needed clarity and customer protections for cryptocurrency users.
3. SEC Approval of Ethereum ETFs: The U.S. Securities and Exchange Commission (SEC) is leaning towards approving exchange-traded funds (ETFs) for Ethereum, a type of cryptocurrency. This move would mark another significant step forward for the crypto industry and its path towards mainstream adoption.
These developments reflect a growing recognition of the potential benefits of blockchain technology and the importance of fostering innovation in the digital asset space. The bipartisan support for cryptocurrency is driven by various factors, including the desire for financial inclusivity, concerns about government overreach, and the recognition of blockchain's potential to enhance transparency and track illicit finance.
#CryptoNewsCommunity
#bipartisan
#cryptoofficialnews
#etherium
#cryptoworld
1. Overturning SEC Rule: The Senate voted to overturn Staff Accounting Bulletin 121 (SAB-121), a rule that imposed burdensome accounting standards on cryptocurrency assets held by financial institutions. The House also approved the measure, indicating broad support for the crypto industry.
2. Financial Innovation and Technology for the 21st Century Act (FIT21): The House is considering this bill, which aims to establish a regulatory framework for the crypto industry. If passed, it would provide much-needed clarity and customer protections for cryptocurrency users.
3. SEC Approval of Ethereum ETFs: The U.S. Securities and Exchange Commission (SEC) is leaning towards approving exchange-traded funds (ETFs) for Ethereum, a type of cryptocurrency. This move would mark another significant step forward for the crypto industry and its path towards mainstream adoption.
These developments reflect a growing recognition of the potential benefits of blockchain technology and the importance of fostering innovation in the digital asset space. The bipartisan support for cryptocurrency is driven by various factors, including the desire for financial inclusivity, concerns about government overreach, and the recognition of blockchain's potential to enhance transparency and track illicit finance.
#CryptoNewsCommunity
#bipartisan
#cryptoofficialnews
#etherium
#cryptoworld
#ECB Vice President: Future Policy to Focus More on Risks of Monetary Easing
Key Takeaways:
ECB Vice President Luis de Guindos says the central bank has learned from past aggressive stimulus policies.
The ECB will place greater emphasis on the side effects of loose monetary policy, including bond buying and negative rates.
Guindos noted it’s often easier to start a tool than to exit it, highlighting the need for caution.
According to Jinshi Data, European Central Bank (ECB) Vice President Luis de Guindos said the ECB will take a more cautious approach to monetary easing moving forward, reflecting on lessons learned from years of money printing, asset purchases, and negative interest rates.
#binancenews
#cryptoofficialnews
#binancepolicy
Guindos confirmed that the ECB is reviewing its long-term strategy and the full range of policy tools used during recent crises.
“All tools used in the past will remain,” he said, “but we’re now more aware of their side effects.”
He emphasized that exiting ultra-loose policies can be more difficult than initiating them, underscoring the importance of strategic flexibility and risk awareness.
Key Takeaways:
ECB Vice President Luis de Guindos says the central bank has learned from past aggressive stimulus policies.
The ECB will place greater emphasis on the side effects of loose monetary policy, including bond buying and negative rates.
Guindos noted it’s often easier to start a tool than to exit it, highlighting the need for caution.
According to Jinshi Data, European Central Bank (ECB) Vice President Luis de Guindos said the ECB will take a more cautious approach to monetary easing moving forward, reflecting on lessons learned from years of money printing, asset purchases, and negative interest rates.
#binancenews
#cryptoofficialnews
#binancepolicy
Guindos confirmed that the ECB is reviewing its long-term strategy and the full range of policy tools used during recent crises.
“All tools used in the past will remain,” he said, “but we’re now more aware of their side effects.”
He emphasized that exiting ultra-loose policies can be more difficult than initiating them, underscoring the importance of strategic flexibility and risk awareness.
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