Golden Finance reported that US Congressman French Hill remains optimistic about the review of the encryption market structure bill and stablecoin legislation by the end of 2024. Hill pointed out during the discussion at the Washington DC Fintech Week that these two bills may progress during the 'lame-duck period' after the November election. In addition, he emphasized that if they cannot be passed this year, these bills will become a priority in 2025. Currently, the House of Representatives has passed the FIT 21 bill, granting the Commodity Futures Trading Commission the power to regulate digital commodities.
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US Congressman French Hill is optimistic about the passage of the 2024 encryption bill
Golden Finance reported that US Congressman French Hill remains optimistic about the review of the encryption market structure bill and stablecoin legislation by the end of 2024. Hill pointed out during the discussion at the Washington DC Fintech Week that these two bills may progress during the 'lame-duck period' after the November election. In addition, he emphasized that if they cannot be passed this year, these bills will become a priority in 2025. Currently, the House of Representatives has passed the FIT 21 bill, granting the Commodity Futures Trading Commission the power to regulate digital commodities.