Recently, many popular supporters Cryptocurrency If Bitcoin (BTC) Guest at The Heritage Foundation, a conservative think tank. In Discussion Senators Ted Cruz, Cynthia Loomis and crypto players Michael Sailor and Caitlin Long commented on where the digital property market is heading. You can get a lot of important information from it.
New U.S. Bill for Crypto
For example in the United States a new crypto bill is currently being prepared “We need to strike a good balance between fostering innovation and setting rules that everyone can understand.” Senator Cynthia Loomis said. He added:
“This is a very comprehensive bill, which will be introduced on June 7. Coins that are stocks and coins that are commodities are included, such as algorithmic staplecoins and asset-packed staplecoins. It discusses CBDCs and NFTs. It has definitions, consumer protection, privacy and taxation and many more. The proposal has received strong support from both sides And the regulators are in favor of it.
KBitcoin Bill Ritual
However on Twitter by the small cap scientist Performance. He fears the new law will only benefit Bitcoin, but it does All other projects are in trouble. In fact, all the members of the group mentioned above are particularly supportive of Bitcoin, and are ‘Bitcoin fanatics’ and have nothing to do with it. altcoins To.
One of the biggest pieces of crypto law will be unveiled this Tuesday (6/7).
Any currencies are commodities, currencies are considered securities, including fixed currencies, CBDC structure and NFT direction definitions.
Let’s dive into why you should focus.
– Small Cap Scientist 👨🔬🧪🥼 (maSmallCapScience) June 4, 2022
Cynthia Loomis Replied In the discussion On Even the question of altcoins “Burn it to the ground. Bitcoin is the phoenix that comes out of it.” So not positive. Other team members are mainly in favor of Bitcoin only.
We certainly know Michael Sailor from Microstrategy, which is on its balance sheet in billions (using debt) in bitcoins. Caitlin Long is the leader Custodia Bank, Which seems to like to use bitcoins in parallel with staplecoins. The little hat scientist thinks they are on the rise Decentralized Finance (DeFi) So this sector wants to slow down. Finally, we have Ted Cruz, a Texas senator who reaps the immediate benefits of being as loving as possible. Bitcoin miners⁇
The small cap scientist fears that even in all other cryptocurrencies, Bitcoin will only come under the category of objects. ethereum (ETH)Comes under the Securities Act. It could be too bad for this crypto. You may wonder if his fear is premature, but it will always be helpful to see how certain stimuli make decisions. Next week we will see how the bill is taken and where it goes.