House to vote on historic crypto bill
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Not all crypto-linked stocks were getting a boost. MicroStrategy, the world’s largest corporate holder of Bitcoin, was down 4.2% on Friday. Shares often follow fluctuations in the price of Bitcoin, which has fallen 1% over the past 24 hours to $117,726, according to CoinDesk.
President Donald Trump is slated Friday to sign the first major federal law governing cryptocurrency, a business that Trump's family have begun forging strong ties to and have promoted in recent years.
After a week of squabbling in Washington, the cryptocurrency industry secured one of its primary legislative objectives and made progress toward a second one.
House Republicans promoted this week as the latest step for the U.S. to become the “crypto capital of the world.”
On July 17, the US House passed the CLARITY Act; the bill is now heading to the Senate, where it faces a more complex path.
Discover how the CLARITY Act could reshape US crypto regulation, define SEC and CFTC roles and impact investors, innovators and markets beyond Crypto Week.
DeFi stakeholders say they can no longer stay silent about major concerns with the CLARITY Act, which will see a vote as soon as tomorrow.
Rep. Josh Gottheimer highlights growing bipartisan support for crypto regulatory bills focused on stablecoins and oversight clarity.