Jesse Hamilton is CoinDesk's deputy managing editor for global policy and regulation. He doesn't hold any crypto.
A bill to set out a regulatory regime for U.S. cryptocurrency markets will finally get a vote from the overall House of Representatives, said Rep. Patrick McHenry.
The House Rules Committee approved the legislation for a vote next month, potentially pushing it toward a high-water mark for crypto legislation in the U.S., with the entire House of Representatives set to vote on whether to approve it soon, according to Rep. Patrick McHenry , the chairman of the House Financial Services Committee.
"With the floor vote announced today, Congress will take a historic step to provide a clear regulatory framework for digital asset markets," McHenry said in a statement."This legislation will cement American leadership of the global financial system for decades to come and bolster our role as an international hub for innovation."
Though it's a mark of progress to get legislation that far in a highly partisan and combative Congress, the bill is unlikely to find parallel action in the Senate – which is needed for Congress to fully approve legislation and send it to the president to sign into law. That chamber hasn't yet done high-level work on a similar effort, though lawmakers there recently showed some willingness to find a path for another crypto effort: a bill to regulate the issuers of stablecoins.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SEC Chair knowingly misled Congress over Ethereum status, House's McHenry saysUS Financial Services Committee Chair Patrick McHenry slammed Securities and Exchange Commission (SEC) Chairman Gary Gensler for his stand on Ethereum (ETH).
Read more »
House passes antisemitism bill as House Speaker Johnson highlights campus protestsSupporters of the legislation say it will help combat antisemitism on college campuses, but opponents say it overreaches and threatens to chill free speech.
Read more »
House passes antisemitism bill as House Speaker Johnson highlights campus protestsSupporters of the legislation say it will help combat antisemitism on college campuses, but opponents say it overreaches and threatens to chill free speech.
Read more »
House passes antisemitism bill as House Speaker Johnson highlights campus protestsSupporters of the legislation say it will help combat antisemitism on college campuses, but opponents say it overreaches and threatens to chill free speech.
Read more »
White House eyes Russian uranium import ban while house bill stallsNo 1 source of global mining news and opinion
Read more »
House passes bill to add citizenship to census, block noncitizens from House apportionmentThe House approved legislation Wednesday to add a question on citizenship into the decennial census and to change the way seats in the House are doled out, slicing noncitizens out of the count.
Read more »