U.S. House Passes "Big and Beautiful" Bill – What’s Next for Crypto?
The U.S. House of Representatives has approved the "Big and Beautiful" bill, a significant legislative move that, while omitting direct changes to cryptocurrency tax rules, has still sparked optimism in the digital asset space. Market analysts suggest this could be a precursor to future crypto-friendly tax adjustments, keeping Bitcoin and altcoins in a favorable position.
Three Major Blockchain Bills to Watch
As "Crypto Week" approaches, lawmakers are set to debate three pivotal bills that could reshape the regulatory landscape:
1. The CLARITY Act – Aims to define clear jurisdictional lines between the SEC and CFTC for digital asset oversight, reducing regulatory uncertainty.
2. The GENIUS Act – Proposes a structured framework for dollar-backed stablecoins, ensuring stability and compliance in the fast-growing sector.
3. The Anti-CBDC Surveillance State Act – Seeks to block the Federal Reserve from issuing a retail **central bank digital currency (CBDC), citing privacy and government overreach concerns.
Why This Matters for Crypto Investors
While the "Big and Beautiful" bill didn’t directly address crypto taxation, the upcoming legislative discussions signal that Washington is taking digital assets seriously. If passed, these bills could bring much-needed clarity, reduce regulatory friction, and potentially fuel another bullish cycle for Bitcoin and blockchain innovation.
Stay tuned—Crypto Week could mark a turning point for U.S. crypto policy! 🚀
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(Source: Cointelegraph)
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