focus on! On July 19, it may be the first time that a crypto bill will enter the House of Representatives vote in the U.S. Congress.

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Continue to pay attention to encryption regulatory policies for everyone

The U.S. House of Representatives will have a bill review on July 19. If an encryption bill passes the review, it will be the first encryption legislation to go out of the committee and enter the voting stage.

There are currently two bills that are possible, but the two bills are in different positions.

One is the Stablecoin Act. In July 2022, the House of Representatives Financial Services Committee was already vigorously promoting the stable currency bill. But November's midterm elections interrupted the process. However, bipartisan support for the stablecoin bill has continued into the new Congress.

The other is the Market Structure Bill. There is less hope for this bill, mainly because it is still a Republican proposal and has not yet received clear support from Democrats.