Previously, there was bipartisan support in both the House and Senate to overturn the veto, but the necessary two-thirds majority was not achieved, requiring more Democratic support.
The Financial Innovation and Technology for the 21st Century Act, passed in May, aims to clarify the regulatory responsibilities of U.S. commodities and securities entities regarding cryptocurrencies.
With the 2024 U.S. elections approaching, the issue of cryptocurrency regulation is gaining prominence in the campaign narratives of both President Biden and Donald Trump. It is alleged that over the past year, both candidates have shifted towards a more pro-crypto stance, influenced by the increasing presence of digital assets in American financial and political discussions.
- Ohio Senator Introduces Bill to Allow Bitcoin, Crypto Payments for State Taxes
- Trump Administration Proposes Renaming USAID and Using Blockchain for ‘Transparency
- The Securities and Exchange Commission Delays BlackRock Spot Ethereum ETF
- Florida State’s CFO Endorses a ‘Strategic Bitcoin Reserve’
- AT&T, Dish, and T-Mobile spend billions on more 5G spectrum in near future
- Alabama State Auditor Calls to Establish Bitcoin Reserve