??U.S. Congress Sets Crypto Legislation as 2025 Priority, Targets Stablecoins and FIT21 Act
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The U.S. Congress will prioritise cryptocurrency legislation in 2025, focusing on stablecoins and the Financial Innovation and Technology for the 21st Century Act (FIT21) to enhance regulatory clarity and foster innovation.
Key Points:
?? Stablecoin Regulation: A primary focus will be establishing clear guidelines for stablecoins to ensure consumer protection and financial stability.
?? FIT21 Act: The legislation seeks to define regulatory boundaries between the SEC and CFTC, addressing oversight responsibilities for digital assets.
?? Bipartisan Collaboration: Lawmakers from both parties acknowledge the importance of comprehensive crypto regulation, aiming for bipartisan solutions.
?? Market Impact: Clear regulations are expected to legitimise the cryptocurrency sector, attract institutional investments, and support technological progress.
tldr: In 2025, Congress will prioritise stablecoin regulation and the FIT21 Act, aiming to create a transparent and balanced framework for the cryptocurrency industry.