Regulation of digital assets in the US is gaining momentum. The White House is set to release its first cryptocurrency policy report soon.
First Cryptocurrency Policy Report
The White House's Digital Asset Task Force is expected to release its inaugural cryptocurrency policy report on July 22, 2023. This report may include regulatory and legislative recommendations, along with proposals to establish a national digital asset reserve.
Senate's Efforts to Reform the Crypto Market
The US Senate is intensifying its efforts towards structural reform of the crypto market. In the coming days, the Senate Banking Committee will hold a hearing on creating a regulatory framework for the $3 trillion digital asset industry.
Future Initiatives and Votes in Congress
Next week, the US Congress will vote on proposals regarding stablecoin regulation and against CBDCs. Some initiatives, including the GENIUS Act, are expected to reach the desk of President Trump.
The ongoing development of digital asset regulation in the US is rapidly progressing, and new legislation could significantly impact the future of the crypto industry.
