New bill H.J. Res 109: acceptance of cryptocurrencies and manipulation?🎢
The US House of Representatives voted to approve H.J.'s bipartisan bill. Res 109, which sets the standard that prevents banks from saving crypto assets for clients (SAB 121). Many people are gathering with the opposition on the side of President Biden, who plans to veto. The White House, declaring that it “decides against” members of the House of Representatives, would like to challenge SAB 121, affirming that the SEC will support the protection of investors in the markets of crypto assets and the protection of financial ї zagalom systems.”
💬“Subject to SAB 121, the bipartisan resolution will ensure the protection of those who are under pressure to protect financial institutions and firms from protecting digital assets,” Apply to the House Fiscal Services Committee (HFSC).
🔎What do these seem like manipulative decisions?
More than 20% of US voters consider cryptocurrencies to be key ingredients in the presidential election. More and more investors are starting to talk about the fact that the new administration, now that Trump has won the election (presumably, he has already declared his positive outlook on the digital asset market), will be more friendly towards crypto. The duration of the activities of competing parties and their statements suggest that this sector still plays an important role in the upcoming elections.