Big news! The White House said it would not "threaten a veto" on the crypto bill, which is why Bitcoin has risen recently

Recognition at the policy level is better than any news. Just today, the White House said it would not "threaten a veto" on the FIT21 crypto bill. Many people don't know what FIT21 is. Its full name is the "21st Century Financial Innovation and Technology Act", which is the most comprehensive cryptocurrency legislation passed by the congressional committee so far, and it is also a milestone in important digital asset regulatory legislation.

More importantly, the purpose of this bill is to define the jurisdiction of digital assets between the CFTC and the SEC, so as to ensure a safer and more efficient market. In other words, the SEC will no longer be able to question or deny a certain type of crypto asset at will in the future, which is very important for investor confidence!

The passage of this bill represents the government's recognition of cryptocurrency as an investment product. The Bitcoin spot ETF has been passed, and the Ethereum spot ETF will not be far away. We can even look forward to ETFs of other crypto varieties. Policy benefits are continuous benefits, because there are more funds that can reasonably buy cryptocurrencies, ETF tools are available, and policies are available. Is the bull market far away?

#5月市场关键事件 $BTC

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