The ‘US Congress’ is the bicameral legislature of the federal government of the United States, comprising the House of Representatives and the Senate. It holds the primary authority for enacting federal law, controlling federal spending, and overseeing the executive branch. Its actions and deliberations significantly shape national policy across all sectors.
Context
The ‘US Congress’ is currently a pivotal actor in the evolving regulatory landscape for digital assets. Various committees are actively conducting hearings, drafting legislation, and proposing rules that could profoundly impact the cryptocurrency industry. Discussions within Congress frequently address issues such as asset classification, consumer protection, and the potential for a US central bank digital currency, making its legislative agenda critical for market participants.
The advancement of the STABLE Act signals a critical legislative push to formalize stablecoin regulation, impacting operational compliance and market stability.
The House's move to embed a CBDC prohibition within market structure legislation mandates a re-evaluation of digital asset strategy and operational compliance.
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