Bitcoin News
By Sydney TheCMO
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Scott Bessent wants clear crypto rules. Fast.
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The Treasury Secretary stated on Fox News that Congress must act on the Digital Asset Market Clarity Act before the end of spring.
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Industry players are still blocking the project. Bessent remains optimistic but admits some refuse to compromise.
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Traditional banks are worried. The American Bankers Association expressed its concerns on February 5 during a closed meeting. Their fear?
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"For crypto to remain a viable asset, we must finalize this Clarity Act," Bessent said.
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And he's banking on bipartisan support. The bill was introduced in January with backing from Senator Mark Warner and Representative Maxine Waters.
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The government aims to make the United States the global leader in crypto regulation. A clear structure could attract innovation and capital, strengthening the domestic financial…
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Earlier this year, Bessent announced that the U.S. government would stop selling its seized bitcoin.
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Catherine Coley from Binance.US supported the Clarity Act on February 12 at a conference in New York. "Clear guidelines would help businesses navigate the complex landscape of U.S.
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Gary Gensler from the SEC said on February 9 that his agency is ready to collaborate with Congress.
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The Blockchain Association released a report the same day. The lobbying group estimates that the law's adoption could generate up to $50 billion in additional investments in the…
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A crucial meeting is scheduled for February 15. Stakeholder representatives, financial regulators, and crypto industry leaders will attempt to find common ground.
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The Treasury Department confirmed on February 11 that discussions with the European Union are underway. The goal? To harmonize regulatory efforts between the two regions.
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The U.S. crypto market represents about 40% of global volume according to CoinGecko data, but this dominance is eroding.
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The stakes go beyond the regulatory framework. The Federal Reserve is closely monitoring the potential impact of stablecoins on monetary policy.
The Currency Analytics
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