The White House announced that it supports a new bill aimed at providing more clarity on the regulation of cryptocurrencies.
According to Bloomberg, this bill, known as the Digital Asset Market Clarification Act, aims to eliminate regulatory uncertainties in the crypto market.
The bill provides clear criteria for which digital assets are considered securities and which are classified as commodities. This regulation seeks to resolve a long-standing debate within the industry.
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The White House announced that it supports a new bill aimed at providing more clarity on the regulation of cryptocurrencies.
According to Bloomberg, this bill, known as the Digital Asset Market Clarification Act, aims to eliminate regulatory uncertainties in the crypto market.
The bill provides clear criteria for which digital assets are considered securities and which are classified as commodities. This regulation seeks to resolve a long-standing debate within the industry.