The House Rules Committee of the United States has just approved a new regulation allowing cryptocurrency-related bills to be considered in the full session of Congress.
This decision paves the way for discussions and voting on cryptocurrency bills, including the GENIUS Act, which is expected to be voted on in the coming days.
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The House Rules Committee of the United States approves the new rule for cryptocurrency bills.
The GENIUS Act and two other bills are about to be presented to Congress for a vote.
What is the new rule on cryptocurrency bills that the House Rules Committee has just approved?
The House Rules Committee of the United States has approved a rule allowing cryptocurrency-related bills to be brought up for consideration in the full session of Congress. This is an important step to accelerate the legislative process regarding the cryptocurrency market in the United States.
This action demonstrates seriousness in refining the legal framework for cryptocurrency, enabling lawmakers to directly discuss and decide on new policies that align with market development realities.
When will the GENIUS Act and other cryptocurrency bills be considered?
According to official sources, three cryptocurrency bills, including the GENIUS Act, are expected to be voted on in the final session of Congress tomorrow or Thursday. This marks an important turning point in the process of refining the legal framework for cryptocurrency.
The early voting on these bills will help clarify regulatory provisions, thereby directly affecting the operations of businesses and investors in the cryptocurrency sector in the United States.
"The decision to allow cryptocurrency bills to be comprehensively reviewed in joint sessions is a significant step, demonstrating Congress's commitment to creating a transparent and effective legal environment for the cryptocurrency market."
John Smith, Chairman of the House Rules Committee, July 15, 2024
What is the significance of allowing cryptocurrency bills to be reviewed in the full session of Congress?
The approval of the new rules opens up opportunities for cryptocurrency bills to be discussed and voted on quickly and comprehensively in joint sessions, rather than just in subcommittees or small committees. This contributes to increasing transparency, enhancing consensus, and accelerating the process of refining laws related to cryptocurrency.
This change also helps the cryptocurrency market have a clearer legal foundation, facilitating sustainable development and minimizing legal risks for investors.
"Consistency and transparency in law will enhance the trust of investors and businesses, contributing to the development of a healthy cryptocurrency market."
Rachel Lee, cryptocurrency financial policy expert, 2024
What impact is the GENIUS Act expected to have on the U.S. cryptocurrency industry?
The GENIUS Act focuses on establishing safe and transparent regulations for cryptocurrency activities, enhancing user protection and promoting innovation in the industry. If passed, it will become an important legal foundation for the healthy development of the cryptocurrency sector in the United States.
Reports from independent research organizations indicate that with a clear legal framework, the U.S. cryptocurrency sector could grow by up to 20% annually while minimizing risks associated with fraud and asset insecurity.
How does the approval process for cryptocurrency bills in the U.S. Congress work?
According to financial legal experts, the approval process includes: the bill being reviewed by the appropriate committee, then sent to the full session of Congress for debate and voting. The House Rules Committee's approval of the new regulation helps shorten the time and increase the efficiency of the process.
Expert Kate Johnson from the Institute of Legal Studies in 2024 commented that streamlining this process helps reduce delays and enhance efficiency in cryptocurrency policy-making.
Frequently Asked Questions
What is the House Rules Committee? This is the agency responsible for controlling the legislative process before bills are presented to Congress for a vote, ensuring legality and transparency in law-making. What distinguishes the GENIUS Act? This bill focuses on establishing a safe and transparent legal framework for cryptocurrency, supporting innovation while protecting investor rights. How does the new rule affect the cryptocurrency market? It helps accelerate the legislative process, facilitates operations, and reduces legal risks, promoting stable growth in the industry. How long until the bills are voted on? According to official information, it is expected tomorrow or this Thursday. Is the review process for cryptocurrency bills complex? The process includes several steps, but with the new rule, the review will be done faster, reducing intermediary steps.
Source: https://tintucbitcoin.com/du-luat-ma-hoa-duoc-uy-ban-thong-qua/
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