[Delio] New Crypto Bills: US to Fight Climate Change and Authorization of Crypto Platforms
The US Senate approved a comprehensive $430 billion bill to fight climate change, decrease drug prices, and boost certain corporate taxes, while another bipartisan bill intends to police Bitcoin and Ethereum under the new law, media channels Reuters and Fox2 reported on August 7.
New to-be-approved cryptocurrency legislation to combat climate change and cut prescriptions prices for the elderly, giving a significant chance to President Joe Biden with the hope for Democrats to improve their prospects of maintaining control of Congress in this year’s elections.
Meanwhile, the two biggest cryptocurrencies BTC and ETH will be regulated by a new bipartisan measure giving the Commodity Futures Trading Commission authority. This indicates that all Bitcoin and Ethereum-based platforms, including dealers and traders, will require to register in order to trade.
The main objective of the crypto bills is to make a healthy development for the rapidly growing industry regulated by authorities with a focus on crypto globalization.
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