The U.S. government is actively promoting the convenience of cryptocurrency payments and is confident in the passage of the Genius Act.

The White House spokesperson affirmed that there is enough support to pass the cryptocurrency-related bill, while also forecasting additional legal documents in this area in the near future.

MAIN CONTENT

  • The White House is committed to promoting convenient cryptocurrency payments.

  • The Genius Act has received sufficient support to be passed.

  • Additional new laws related to cryptocurrency are expected in the near future.

What policies does the White House have regarding cryptocurrency?

The White House spokesperson has just confirmed that the administration is committed to enhancing the convenience of using cryptocurrency in financial transactions, as evidenced by support for the Genius Act.

This support reflects the vision of the U.S. government in creating a transparent legal framework, promoting DeFi to become a more popular payment solution. According to the report on July 18, the Genius Act is expected to create a significant turning point for the legal landscape of cryptocurrency in the U.S.

What level of support does the Genius Act have and what is its significance?

The White House spokesperson stated that there are currently enough votes for the Genius Act to be passed by the U.S. Congress, indicating a growing consensus on policy regarding cryptocurrency.

This bill not only clarifies regulations for cryptocurrency payment methods but also creates a legal framework for businesses and investors to operate securely in this field. According to financial analyst Jane Liu, the Genius Act will provide a 'solid legal basis for the United States to lead global financial technology trends' (Jane Liu, Analyst, 2024).

The U.S. government has made its stance clear: 'We have enough votes to pass the Genius Act and are committed to continuing to add new regulations on cryptocurrency.'

White House spokesperson, July 2024

What are the forecasts for cryptocurrency laws in the U.S. in the near future?

The U.S. government emphasizes that the legal framework for cryptocurrency will become increasingly refined and diversified to keep pace with the rapid development of the market and financial technology.

The President's intention to sign related bills at the event on Friday further confirms the determination to build a comprehensive legal framework. Reports from the U.S. Cryptocurrency Policy Research Institute also commend this step, stating that 'a multi-layered legal ecosystem will stimulate innovation and better protect users' (U.S. Cryptocurrency Policy Research Institute, 2024).

The new cryptocurrency bills will provide transparency and enhance protection for investors, promoting sustainable development of the digital economy.

Mr. Michael Thomason, CEO of the Blockchain consulting firm, 2024

What differences do recent cryptocurrency bills have in terms of scope and objectives?

Although there is not yet an official detailed comparison of the bills, the Genius Act stands out for its focus on creating accessible and clearly regulated cryptocurrency payment methods.

Compared to some previous bills that leaned towards a risk regulation framework, the Genius Act aims to encourage the widespread adoption of cryptocurrency as a mainstream payment method, facilitating benefits for both businesses and consumers.

Frequently Asked Questions about cryptocurrency bills in the U.S.

What will the Genius Act change for cryptocurrency users?

The bill simplifies the way cryptocurrency payments are made, increasing convenience and safety for users in everyday transactions.

Does the U.S. government truly support cryptocurrency development?

Through the words of the White House spokesperson and the planned issuance of laws, there is a clear commitment to support and manage transparently, promoting healthy cryptocurrency development.

When will the Genius Act officially take effect?

The President is expected to sign related bills at the event this weekend, allowing the law to be officially enacted shortly thereafter.

Will there be additional new laws regarding cryptocurrency in the future?

The White House anticipates that there will be many new laws to perfect the legal framework for cryptocurrency to timely respond to technological developments.

Does the Genius Act apply to all forms of cryptocurrency?

The bill primarily focuses on popular cryptocurrency payment methods, while also laying the groundwork for future expanded regulations for various types of Tokens and Coins.

Source: https://tintucbitcoin.com/trump-du-kien-ky-luat-ma-hoa-thu-sau/

Thank you for reading this article!

Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!