USAMPs will have another opportunity to pass cryptocurrency-related bills in the new year. Future bills may find more support in 2025. President-elect Donald TrumpIt seems that ‘s support for crypto money will make the industry strong in the new year.
Expected Cryptocurrency Laws
In 2024, the most in Washington cryptocurrency A pro-Congress is expected to be formed. This is especially important considering President Trump’s promises regarding cryptocurrencies. Rep. who will become chairman of the House Financial Services Committee at the beginning of the new year French Hillplans to take new steps towards the regulation of cryptocurrencies.
Hill, previously stablecoin regulations and FIT21 He worked on draft laws regarding market structure. It is stated that if the FIT21 and stablecoin laws were not passed last year, these bills will be among the first priorities in the 119th Congress.
The bill regarding stablecoin has been on the agenda in Congress for years. Chairman of the House Financial Services Committee Patrick McHenryDemocrat on this issue Maxine Waters It has been working since 2022 to create a regulatory framework together with The bill passed the Republican-led committee last year but has still not been approved. Waters said the bill was “deeply problematic.” It is expected that this bill will be brought to the agenda again and more progress will be made in the new presidential term in 2025.
FIT21 and Cryptocurrency Regulations
FIT21 law cryptocurrency marketIt aims to bring significant changes to the The bill specifically concerns Bitcoin 
$95,362.8 and strengthening regulations on digital commodities. However US Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission With the changing structures of regulatory bodies such as (CFTC), the future of FIT21 is uncertain. Additionally, another bill, the Bitcoin strategic reserve, is also on the agenda. Republican Senator Cynthia LummisThe draft law prepared by , will provide the US Treasury with one million units within five years. BTC plans to make a purchase.
Cryptocurrency lawsMany factors will come into play when it comes to the possibility of approval in 2025. The process of passing these bills could be complicated because Congress will have many other priorities.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
