US Congress: cryptocurrency is an opponent of no party.

Author: Derek Andersen, Cointelegraph; Compilation: Tao Zhu, Bitchain Vision Realm

Cryptocurrencies are not a matter of party faction, but the issue of supporting administrative countries or individuals.US Congress, Tom Eme, said that both political parties are developing in the direction of supporting cryptocurrencies, although one of the political parties is faster than the other party.

In the 2024 consensus activity, Emmer pointed out that the Senate’s major party leader, Chake Schummer, and 70 other Democrats to support the decision of the SAB 121 cryptocurrency rules of the US Securities and Exchange Commission (SEC)Cryptocurrency oppositions Senator Elizabeth Wallen, SEC Chairman Gary Genler, and the White House itself “star status may be fading.”Eme has repeatedly complained that Warren “has promoted many decisions of the White House.”

Hope Fit21 can pass

Eme said that Shu Mo may submit to the Senate to submit the “21st Century Financial Innovation and Technical Act” (FIT21) that supports cryptocurrencies.The bill was passed in the House of Representatives on May 22.The problem is that the Senate may modify the bill and return it back to the House of Representatives.Otherwise, the bill is more likely to pass during the lame duck meeting, that is, after the next election, but before the newly elected legislators work.

Congress Tom Emem (left) at the consensus conference.Source: Turner Wright/Cointelegraph

Considering the recent reversal of the US Securities and Exchange Commission, Emmer was not surprised by the US Securities and Exchange Commission’s approval of the Spot Ethereum Exchange Trading Fund.Emmer said that Jansler might “leave his office” and added, “Be very careful, don’t believe in animals that are in trouble.”

Data source: consensus2024

The next development direction of digital assets is “stable, reliable, and stable currency that can be traded anywhere in the world.”When this happens:

“You will see the field of digital assets enter a brand new level.”

Federal Reserve Chairman Jerom Powell may encounter the same destiny as Jesler, Emid’s believe:

“Jerom Powell […] from the past. He focused on the future and did not see the field of digital assets.”

The Fed has a naughty idea of ​​CBDC

Eme said that the Federal Reserve was “confused” about whether it can develop and implement the central bank’s digital currency (CBDC).Although Powell has repeatedly stated that the Fed will not issue CBDC without the authorization of Congress, President Bayeng’s administrative order on ensuring the responsible development of digital assets is evidence.

On May 23, the House of Representatives passed the CBDC Anti -Monitoring National Act, which showed that “how much this problem has in politics.”Nevertheless, “we will never say that we will never never” launch a digital currency that truly imitates cash and privacy protection.

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