News That Could Be Good for Cryptocurrencies
๐ข On May 6, House Republicans will introduce a new bill regarding the regulation of cryptocurrencies ahead of a key hearing. The bill aims to define how the United States will handle cryptocurrency markets, stablecoins, and future oversight of digital assets.
๐ฌ Could this law bring the clarity that the cryptocurrency market has long awaited - or will it lead to further uncertainty?
What type of regulation do you think will help or hinder the adoption of cryptocurrencies?
๐ข Arizona has passed the Strategic Bitcoin Reserve Act, which authorizes the stateโs Treasury and pension funds to allocate up to 10% of available funds to Bitcoin and other digital assets. If enacted, Arizona will become the first U.S. state to legally invest its public funds in Bitcoin.
๐ฌ What do you think about states owning Bitcoin? Does this set a precedent to be followed?